“Mortgage fraud harms everyone involved in real estate transactions — lenders, buyers and sellers — by disrupting the market,” Colorado Attorney General John Suthers. [...]
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“Criminals that defraud Colorado banks drive up the cost of home loans and other credit for all consumers,” Colorado Attorney John Suthers [...] “These representations allegedly misled consumers into believing that Assurity Financial Services had the authority to secure refunds for consumers. The mailings also appeared to be official notices, which they were not,” John Suthers. [...] “The evidence showed American Mortgage Consultants manipulated consumers into believing that the company was affiliated with the federal government and could guarantee that consumers would be able to save their homes,” John Suthers. [...] “I can say we are disappointed by the ruling,” Wayne Vaden. [...] “The court’s decision is a giant step toward combating mortgage fraud and protecting consumers,” Erin Toll [...] The Colorado Division of Real Estate announced today it has revoked the license of two mortgage brokers, and ordered them to pay a total of $94,000 in fines. Stephen Benaske and Laura Stearnes, swindled a Michigan doctor through an Internet dating service, according to the division. The division permanently revoked the license of Benaske and [...] |
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