Monday, August 12, 2013

Heat Continues For Colorado Foreclosure Mills As State AG Probe Lays Out Theory Of Conspiracy, Price-Fixing That Two Firms Allegedly Engaged In To Corner Lucrative Piece Of State Foreclosure Market

In Denver, Colorado, The Denver Post reports:
  • Colorado's two biggest foreclosure law firms, Castle Law Group and Aronowitz & Mecklenburg, appear to have manipulated and influenced the foreclosure process — in practice and at the Capitol — in a way that guaranteed themselves millions of dollars in profits at the expense of homeowners and taxpayers, according to state investigators.

    In a stunning court filing made public Thursday, Attorney General John Suthers' office lays out a theory of conspiracy and price-fixing that investigators say the two firms allegedly engaged in to corner a lucrative piece of the state's foreclosure market.