Arizona AG, HomeVestors Franchisee Settle Charges Of Alleged Foreclosure Rescue Fraud; Operator To Fork Over $350K To Approximately 100 Consumers

From the Arizona Attorney General's office:

• Attorney General Terry Goddard [Tuesday] announced a settlement with Harvest Properties Inc. of Tucson, resolving a consumer fraud lawsuit that alleged foreclosure rescue fraud and mortgage fraud by the company and its owners. [...] The settlement, which comes in the form of a consent judgment and does not constitute an admission of wrongdoing, requires Harvest and its owners and managers to pay $350,000 in restitution to approximately 100 consumers.

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• Friday’s settlement with Harvest Properties, Inc., along with its owners and managers, Colin Sterling Reilly, Robert Harrington Reilly and Jill Lynae Reilly, resolves allegations that Harvest engaged in a foreclosure and credit rescue scheme that employed deceptive practices to buy foreclosed homes at discounted prices.

For more, including the allegations set forth in the Arizona AG's complaint, as well as additional terms contained in the setlement, see Terry Goddard Announces Foreclosure Rescue Fraud Settlement.

See also:

• Arizona Daily Star: Tucson firm accused of 'deceptive tactics' in foreclosure rescues (free registration required),
• KPHO-TV Channel 5: 'Ugly Homes' Buyers Settle Fraud Suit ("Authorities got on the track of Harvest Properties after Goddard's office received a complaint from an elderly woman whose home had been sold out from under her by her son who is a drug addict, the attorney general said.").