Skip to main content

Pennsylvania AG Files Loan Mod Fraud Lawsuit

Jul 27, 2018
Pennsylvania Attorney General Josh Shapiro has filed a lawsuit against five mortgage foreclosure companies within the state and two company owners for loan modification fraud that resulted in some homeowners losing their properties

Pennsylvania Attorney General Josh Shapiro has filed a lawsuit against five mortgage foreclosure companies within the state and two company owners for loan modification fraud that resulted in some homeowners losing their properties.
 
The lawsuit named companies owned by Mark Goldstein and Drew Alia, including GMK Solutions, the Foreclosure Law Center, Century Legal Group, Alia Law Group and the Law Offices of Drew Alia. Shapiro’s litigation claimed Pennsylvania homeowners and other consumers paid the defendants more than $280,000 for transactions conducted between 2008 and 2015.
 
The lawsuit accuses the defendants of violating Pennsylvania’s Unfair Trade Practices and Consumer Protection Law and the Pennsylvania Mortgage Licensing Act and seeks injunctive relief and restitution in excess of $280,000 total for all consumers that were preyed upon.
 
“Defendants Mark Goldstein, Drew Alia and their companies preyed upon dozens of Pennsylvanians and other consumers who thought they were making a smart decision for their home and family,” Shapiro said. “They wanted to lower their interest rates, modify their mortgages, and save their homes. Instead, all they received from these defendants were false promises and no services. Some even lost their homes. This misleading scam was outrageous and I’m suing to get restitution for every person and hold these companies accountable.”

 
About the author
Published
Jul 27, 2018
Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."