Sacramento DA: Local Man Pocketed Illegal Upfront Fees In Running Loan Modification Racket

From the Office of the Sacramento County, California District Attorney:

• District Attorney Jan Scully announced [] the arrest of 56 year-old Rodney Andrews of Elk Grove. Andrews operated Andrews Investment Group, which offered loan modification services. It is alleged that in conducting loan modification services, Andrews collected illegal upfront fees.
• In 2009, the California Legislature passed a law prohibiting this type of conduct to prevent individuals from preying on vulnerable borrowers facing foreclosure or unaffordable mortgage payments.
• Anyone with further information regarding Rodney Andrews and Andrews Investment Group is asked to contact the Sacramento County District Attorney’s Office Real Estate Fraud Unit at (916) 874-9045.

Go here for the Sacramento County DA press release - Rodney Andrews.