$43,000 returned to victims in loan scam
LAS VEGAS (AP) -- Seven people scammed by a business called Save Your House got restitution checks and Nevada state Attorney General Catherine Cortez is offering their experience as a lesson for homeowners seeking help to avoid foreclosures.
Masto on Wednesday said quick restitution as part of a plea deal is a first for her office.
In all, Masto says 12 victims received checks averaging $3,000 for fees lost between August 2008 and July 2009 to Las Vegas-based Save Your House.
Attorney Ramon Dy-Ragos and business owner Jesus Baca got probation last month after each pleaded guilty to a misdemeanor conspiracy charge. Company employee Luis Baca was sentenced to time served in jail.
Masto says banks don't seek up-front money for loan modifications, and people should watch for other signs of fraud.