Colorado State Attorney General John Suthers has filed additional lawsuits against three more foreclosure law firms after a 2-year long investigation for alleged foreclosure fraud.
Earlier this year, AG Suthers filed lawsuits against Colorado’s two largest foreclosure law firms: The Castle Law Group (Larry Castle) and Aronowitz & Mecklenburg (Robert Aronowitz, Stacey and Joe Mecklenburg) for alleged foreclosure fraud. Aronowitz and Mecklenburg immediately paid a $10 million settlement and later sold their law firm to a Texas-based firm, Barrett Frappier & Weisserman. Castle did not settle and is fighting the lawsuit.
The three new lawsuits filed by Suthers are against: The Law Firm of Michael Medved, (Michael MedVed and Tracie Castanon), Janeway Law Firm (Lynn Janeway) and Medved Dale Decker & Deere (Michael Medved, Toni Dale, Holly Decker and Heather Deere).
The three law firms in this new lawsuit have agreed to pay a hefty combined settlement of $1.7 million for allegations they intentionally inflated foreclosure costs to hundreds of homeowners in Colorado. None of the law firms admitted to any wrongdoing.
A company called Wise Posts, owned by Michael Medved’s sister, Beth Maloney and her husband, Patrick Maloney doubled the costs of placing legal notices on foreclosed properties. They also allegedly overcharged title search reports through another company they had a financial interest in – Foothills Title and Escrow. Foothills Title and Escrow was later sold to another law firm, Medved Dale Decker & Deere, a law firm that Michael Medved had joined.
Medved Dale Decker & Deere paid $150,000 to settle allegations they increased costs of title search reports by 175%.
Janeway is accused of overcharging foreclosure-related fees – one as much as five times the real amount for a trustee sale guarantee and cancellation of a title commitment. Lynn Janeway used to work for Larry Castle of The Castle Law Group. Janeway performs foreclosure work for the Colorado Housing and Finance Authority. Janeway settled for $650,000 with an added $350,000 to be set aside in lieu of compliance.
Suther’s office carefully presented a detailed scheme in a 40-page lawsuit filed earlier this year against The Castle Law Group and Aronowitz & Mecklenburg alleging collusion on price fixing to process service fees associated with foreclosure cases. Suthers alleges these three law firms followed The Castle Law Group and Aronowitz & Mecklenburg’s lead, overcharging fees too. The Attorney General alleged Castle and Aronowitz & Mecklenburg raked in $100 million off the backs of distressed Colorado homeowners.
If you are in foreclosure, and need a defense lawyer or attorney to help you keep your home, contact our Real Estate and Foreclosure Defense attorney- located in Denver, and serving all of Colorado.
Keith Gantenbein, of the Gantenbein Law Firm, worked for the largest foreclosure firm in Colorado, before opening his own Foreclosure Defense law firm in Denver, Colorado. He has been involved in more than 70,000 foreclosure cases – and works passionately to help Colorado homeowners. His foreclosure defense practices includes all forms of Colorado foreclosure help, including: bank litigation, loan modifications, post-foreclosure deficiencies, evictions, foreclosure help in Denver, foreclosure prevention, short sale assistance, Rule 120 Foreclosure Hearings, judicial foreclosure, post-foreclosure litigation, HOA foreclosures, foreclosure assistance, foreclosure assistance, cash for keys, foreclosure settlement, foreclosure set-aside- and all other foreclosure defense legal assistance. His Real Estate practice includes: quiet title actions, real estate litigation, real estate contracts, real estate closings, title issues, mortgage negotiations, lien issues, bankruptcies, lender liability, contracts, landlord/tenant. and HOA defense– including helping homeowners with their HOA foreclosures, HOA lawsuits , HOA liens, and defense against wrongful covenant enforcement.
Gantenbein Law Firm also specializes in Federal and Colorado Tax Law. If you are facing tax litigation, need tax debt relief, facing an IRS tax audit or IRS tax appeal, in need of tax planning or filing tax returns, have received a Notice of Tax Deficiency or Notice of Wage Garnishment, or need help with an IRS installment plan or IRS offer in compromise, contact our Denver tax attorney immediately at 303-618-2122. Or, visit our Denver tax attorney website.
Gantenbein Law Firm practice includes Colorado Foreclosure Defense, Colorado Real Estate Law, Colorado and Federal Tax Law, Colorado Business Law, Credit Dispute and Credit Repair, and Colorado Wills & Trusts.
Visit our website: www.gantenbeinlaw.com