Pennsylvania AG Files Loan Mod Fraud Lawsuit – NMP 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
Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3

TRUE Releases AI Governance Guide Ahead Of Fannie Mae Deadline

Guide focuses on tracing mortgage data from borrower documents through AI validation, human review, and final LOS entry