Nevada AG: Trio Stiffed Strapped Homeowners Seeking Loan Mods After Clipping Them Out Of Thousand$ In Upfront Fees, Filed Liens Based On Bogus Notes

In Las Vegas, Nevada, KLAS-TV Channel 8 reports:

• The Nevada Attorney General has announced that three people have been indicted for allegedly operating a foreclosure rescue scam in Las Vegas. The AG's office says Doninador Palalay, a.k.a. Dominador Palalay, Marie Tejada Medina and Benjamin Aquino Moraleda III operated a foreclosure rescue business named PDM Financial Group, Inc.

• The AG says PDM charged around $3,000 for loan modification services and misled customers. They say PDM told customers they could prevent foreclosure and customers could obtain loan modifications. But according to the AG, those services were not performed.

• Moreover, the state alleges the suspects had their customers sign deeds of trust that gave PDM liens on their customer's homes based on false promissory notes. The AG believes this was done to cloud the home's title to prevent the lenders from foreclosing.

For the story, see Three Indicted in Foreclosure Scam.

For the Nevada AG press release, see Three Indicted In Foreclosure Rescue Scam.