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Mortgage Rescue Company Loses $1 Million Judgment to State for Fraud

therepublic.com | May 18, 2014

HONOLULU — Hawaii officials say the state has won a judgment of more than $1 million against a Big Island woman's company accused of defrauding homeowners who sought financial help to avoid foreclosure.

The Department of Commerce and Consumer Affairs said Tuesday that Second Circuit Court Judge Rhonda Loo in Maui ordered Edna Franco to pay nearly $169,000 in restitution and interest to 17 victims, plus more than $874,000 in fines and penalties.

Franco didn't immediately respond to an email seeking comment from The Associated Press. A phone number for Franco and her company, Francha Services, LLC, wasn't immediately available.

State officials say Franco told homeowners she could help save their homes from being foreclosed or get their loans cleared. The state says Franco didn't do the work or did it poorly.

 

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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