DENVER — Colorado Attorney General John Suthers announced today the state has reached agreements with seven loan-modification firms that either failed to deliver results to Colorado consumers or engaged in deceptive advertising. The agreements will force these firms to either comply with Colorado law or not do business in the state.
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DENVER - Colorado Attorney General John Suthers announced today the settlement of another lawsuit against a mortgage broker for deceptive advertising and sales practices. Earlier this year, the Attorney General filed a complaint in Denver District Court against Green River Mortgage LLC and its president, Dimitry Yakubovich, for violating the Colorado Consumer Protection Act. Yakubovich has since moved to Florida and no longer operates Green River. The settlement bars him from brokering loans in Colorado. The settlement also obligates him to pay $7,887 in restitution.
DENVER — Attorney General John Suthers jointed state and federal officials today to urge borrowers at risk of losing their homes to use Colorado’s free Foreclosure Hotline, 1-877-601-HOPE (4673).
“Borrowers facing default or foreclosure should act now to save their homes,” Suthers said. “Free help is only a phone call away.”
The Foreclosure Hotline is staffed with HUD approved nonprofit housing counselors who can talk with them about their mortgage. Homeowners contacting the Fore-closure Hotline stand a good chance of saving their home with little or no cost.
DENVER – Colorado Attorney General John Suthers today announced that Colorado has entered into a settlement with Countrywide Financial Corporation, and several of its affiliated entities, over the marketing of subprime and other high-risk mortgage products in Colorado. As part of the agreement, Countrywide will make nearly $6 million available to eligible Colorado borrowers and to the State, including $500,000 for the Colorado Department of Local Affairs Division of Housing to support the continued operation and expansion of the Colorado Foreclosure Hotline.
DENVER – Colorado Attorney General John Suthers today announced three settlements as part of his office’s ongoing effort to crack down on deceptive mortgage advertising and bring foreclosure consultants into compliance with the law. Today’s announcement comes on the heels of a similar set of cases announced on November 18 of last year.
Foreclosure Protection Enforcement
DENVER – Colorado Attorney General John Suthers today announced numerous actions his office has taken to crackdown on deceptive mortgage brokers and foreclosure rescue firms. These actions are part of the Attorney General’s ongoing effort to help protect Colorado borrowers from deceptive lending practices and to shield borrowers facing foreclosure from fraudulent activity.
Ralph L. Carr Colorado Judicial Center
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