Texas AG Shuts Down State Business Operations Of Florida-Based Foreclosure Rescue Firm

From the Texas Attorney General's Office:

• Texas Attorney General Greg Abbott has shut down a fraudulent “foreclosure rescue” firm that preyed on hundreds of struggling Texas homeowners. An order by the Bexar County District Court requires Foreclosure Assistance Solutions Inc. of Florida, and its principal operators, Herb Zerden and Adolfo Quintero, to return $370,000 to 338 Texas homeowners. Additional defendants J.W.W. Services Inc. of California and owner John Woodruff are also included in the judgment. Another $105,000 will be held in escrow to assist remaining homeowners who can demonstrate they were victimized by this scheme.

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• Today’s settlement requires the defendants to pay $100,000 in civil penalties and $175,000 in attorneys’ fees. The judgment also prohibits the defendants from conducting Texas-based mortgage foreclosure mitigation in the future.

For the entire Texas AG press release, see: Attorney General Abbott Obtains Judgment That Brings Relief To Foreclosed Homeowners (Foreclosure Assistance Solutions and owners must return $475,000 to harmed homeowners).

See also:

• Agreed final judgment and permanent injunction - Foreclosure Assistance Solutions, et al.,
• Original Texas AG's lawsuit (9/2007) - State of Texas vs. Foreclosure Assistance Solutions, et al.,
• Other posts referencing Foreclosure Assistance Solutions.