Tuesday, January 03, 2017

NM AG Files Civil Suit Against Out-Of-State Foreclosure Rescue Outfit For Allegedly Engaged in Deceptive Marketing Practices & Clipping Distressed Homeowners With Illegal Upfront Fees

From the Office of the New Mexico Attorney General:
  • [A]ttorney General Hector Balderas announced that he filed a federal civil action against a group of individuals and businesses, located in California, who were taking advantage of New Mexicans facing foreclosure.

    The complaint alleges that the group violated state and federal consumer protection laws by sending deceptive mass mailings to over 4,400 New Mexico homeowners offering foreclosure relief and loan modification. These mailers were intended to look like official governmental communication and included a logo which used the name "Keep Your Home New Mexico" to induce homeowners into believing the program was official.
    ***
    The actual "Keep Your Home New Mexico" program is run by the Office of the Attorney General to help distressed New Mexican homeowners avoid foreclosure. In addition to deceptively marketing their services, the California group also charged up-front fees, which is illegal in New Mexico unless charged by a New Mexico licensed attorney.

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