• Arizona
  • Thursday , Feb 1 , 2018

Area Info

San Tan Valley Area Information

2 minutes reading time (395 words)

Company Engaging in Deceptive Loan Modification Services Barred from Business


In the Consent Judgment, Mr. Allotey admitted to violating the Arizona Consumer Fraud Act, the Arizona Telephone Solicitations Act, and the Arizona Foreclosure Consultant Regulation Law. The settlement provides for payment of $90,000 in restitution and civil penalties. In May of 2013, Horne also obtained a Default Judgment against Mortgage Assistance Group. The Default Judgment requires the company to pay $380,000 in restitution and civil penalties. 

This case comes to an end after Mr. Allotey initially refused to cooperate with the State’s investigation. His refusal ultimately led to a week in jail until he complied with the court’s civil Contempt Order.

The lawsuit alleged that since at least February of 2008, the defendants deceived consumers into paying fees, ranging from $995 to $3,245, for loan modification services by misrepresenting their ability to help consumers obtain mortgage relief and save their homes, thereby violating the Arizona Consumer Fraud Act. Mr. Allotey and his company were also accused of using deceptive means to lure financially distressed homeowners into paying up-front fees with promises that the company would prevent foreclosure and save the consumers’ homes by negotiating modifications of mortgage loans. 

Attorney General Horne noted, “We are giving priority to mortgage fraud cases because the people being cheated, who are facing foreclosure, can least afford to lose money. Cases such as this should be a reminder that nobody should ever agree to pay up-front fees for loan modification assistance services – these services are available for free.”

The Attorney General recommends that homeowners who are in or facing foreclosure contact their lender or servicer or a government-approved housing counselor. The Arizona Foreclosure Help-Line, 1-877-448-1211, refers consumers to HUD-approved housing counseling agencies who provide loan modifications and other services at no cost.

If you feel you have been a victim of consumer fraud, please contact the Arizona Attorney General’s Office of Consumer Information & Complaints Unit at (602) 542-5763 / (520) 628-6504 / (800) 352-8431. You may also file a consumer complaint online at: https://www.azag.gov/complaints/consumer.

The case was handled by Assistant Attorney General Alyse Meislik.

Font size: +
Important Area Phone Numbers
Study: PG-13 gun violence rivals that of R movies


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, 04 August 2020
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://santanvalleydeals.com/

Stay Connected

Paladin Sports Outreach

Paladin Sports Outreach

San Tan Valley, Pinal County
Pan de Vida Foundation

Pan de Vida Foundation

Queen Creek, Maricopa County
Rural Metro Fire

Rural Metro Fire

San Tan Valley, Pinal County
Champion Charter School

Champion Charter School

San Tan Valley, Pinal County
Leading Edge Academy

Leading Edge Academy

San Tan Valley, Pinal County
J.M. Kuhstoss Remodeling Pros

J.M. Kuhstoss Remodeling Pros

San Tan Valley, Pinal County
Any Payment Solutions

Any Payment Solutions

San Tan Valley, Pinal County

Daily News

Wait a minute, while we are rendering the calendar

Upcoming Events

6 Aug
Banner Children’s Health Mobile
08.06.2020 9:00 am - 5:00 pm

Banner Health provides health services to...

8 Aug
Purple Heart Day-Honoring Veterans
08.08.2020 11:00 am - 3:00 pm

Join us to WELCOME HOME veterans at the Purple Heart...

10 Aug
Veteran's Assistance
08.10.2020 9:00 am - 6:00 pm

Veteran Assistance services are available...

11 Aug
San Tan Leads
08.11.2020 7:30 am - 9:00 am

San Tan Leads is a one person per industry...

11 Aug

Learn how to take control and manage your health by...


Advertise your business to hundreds of thousands of potential customers, while supporting your local news resource at the same time. Our Partners help us provide you with services and information to help keep you informed.

Become A Partner

Follow Us

Our San Tan Valley Community Keeps Growing!

San Tan Valley News

EPCOR Customer Update

Jul 28, 2020 Hits:978

Twitter Feed

TRAFFIC ALERT from @PinalCSO Arizona Farms Rd. and Hwy 79 closed for the next several hours due to vehicle collis… https://t.co/9YdsifPStH
Reducing capacity to 50% or less at restaurants is @dougducey latest request to help #slowthespread #covid19
Safer at home. If not home you're safer outside, and if not outside safer where there are few people. @dougducey #maskupaz

About SanTanValley.com

About SanTanValley.com