Homeowners needing assistance are reminded to avoid companies selling “foreclosure rescue,” “securitization audits” and other home loan modification schemes.
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Robert Ernest Brandt, 42, a former Kirkland, Washington, attorney and escrow officer, was convicted in U.S. District Court in Seattle, Washington, of conspiracy and four counts of wire fraud. The jury deliberated approximately one day following an eight-day trial. When sentenced by U.S. District Judge Richard A. Jones on June 25, 2010, Brandt faces up to 20 years in prison and a
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Viktor Kobzar, 32, Federal Way, Washington, the last of seven people charged in a $47 million mortgage fraud scheme pleaded guilty in U.S. District Court in Seattle to Conspiracy to Commit Bank Fraud, Mail Fraud and Wire Fraud and Filing a False Tax Return. Kobzar faces up to eight years in prison and fines of up to $350,000 when sentenced by U.S. District Judge Marsha J.
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Joseph Kaiser, Tacoma, Washington, has been ordered by a judge to pay more than $3.2 million to victims he wronged plus $179,000 in penalties for violating the Consumer Protection Act.
Kaiser was the first foreclosure “rescuer” to be tried by the Attorney General’s Consumer Protection Division, which works to enforce a fair marketplace for consumers and businesses.
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A bill requested by Attorney General Rob McKenna that would protect Washington consumers is scheduled for public hearings. The bill seeks to protect Washington residents from mortgage foreclosure scams.
Last year the Legislature passed a law that governs transactions between purchasers and homeowners whose homes are in foreclosure or in danger of foreclosure. The proposed bill, requested by the Attorney General’s Office, Department of Licensing and Department of Financial
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