Tuesday, June 26, 2012

One More Alleged Loan Modification Racket Finds Itself On Indiana AG Civil Lawsuit Hit List

From the Office of the Indiana Attorney General:

  • Indiana Attorney General Greg Zoeller has filed a lawsuit against a foreclosure consultant for contracting with a local homeowner and then taking off with their money.

  • Zoeller’s lawsuit filed in Adams County Circuit Court targeted H&R Financial Services, Inc. of New Mexico and its owners William John Heckler and Richard Ruegsegger. The company is accused of collecting $1,683 upfront from a Geneva resident and failing to obtain the promised home-loan modification or to provide a refund.
  • According to the complaint, H&R Financial Services violated the Credit Services Organization Act, the Mortgage Rescue Protection Fraud Act and Deceptive Consumer Sales Act. The company also failed to obtain a certificate of authority from the Indiana Secretary of State’s Office to conduct business in Indiana. The state seeks an injunction, restitution and civil penalties.

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