Connecticut AG Files Suit In Predatory Lending, Mortgage Fraud Scam

TheDay.com reports:

• "Attorney General Richard Blumenthal and state Banking Commissioner Howard F. Pitkin today served a lawsuit against New London loan officer Jose Guzman and his associates, accusing him of leading “an extensive predatory lending scheme” that violated the Connecticut Unfair Trade Practices Act and state banking law. Also named in the suit are Royal Financial Services, LLC, in Trumbull, First Source Mortgage Solutions, Inc., in Branford, Elizabeth Athan Real Estate, LLC, in Shelton, J.G. Property Management & Investment, LLC, of New London and Attorney Maurizio Lancia, of Trumbull. Cutting Edge Contracting of Norwich, of which Brian Guimond is the sole proprietor, according to court documents, is also named in the suit."

For more, see New London Loan Officer Sued for Leading Predatory Lending Scheme, and State Suit Alleges Predatory Lending (Guzman, associates accused in scam that targeted Hispanics).

See also, Fighting To Keep Their Homes (Borrowers Victimized By Predatory Loans Look For Ways To Stay).

For AG Press Release, see Blumenthal Sues Brokers, Realtors And Others For Vast Predatory Lending Scheme.

For a copy of the lawsuit, see State of Connecticut vs. Royal Financial Services, LLC., et al.

Go here for other posts on the investigation of the named defendants.