Two AZ "foreclosure rescue" firms to pay $1.37 million in fines, restitution
T he Arizona Attorney General’s office has settled two mortgage fraud lawsuits for $1.37 million. Most of the money will go towards paying restitution to consumers who lost money to the "foreclosures help" firms.
Richard Winer, principal of the firm Taken Care of Investments, has agreed to pay fines totaling $691,000,half of which goes to consumers who lost money to the firm, according to a Maricopa Superior Court consent judgment.
In March, Attorney General Terry Goddard’s filed a complaint alleging Winer and his businesses defrauded 270 Arizona homeowners in danger of foreclosure, by promising to obtain the deed to their home and then …
