Contact 13
Couple accused of stealing money from desperate homeowners
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A local couple is accused of mortgage lending fraud. Video by ktnv.com
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Las Vegas, NV (KTNV) -- A local man and woman accused of taking thousands of dollars from homeowners now face felony charges.
It's a story Contact 13 first investigated back in May.
The Attorney General's office says the couple promised loan modifications for struggling homeowners in the Valley, but never delivered.
In May, Contact 13 spoke with one man who lost money after paying the couple to help save his home.
"We ran into some financial difficulties," Jon Richardson said.
Richardson was just one of about 17 different homeowners the Nevada AG said turned to My State Processing for help to save their home.
A criminal complaint just released says from March 2011 to March 2012, David and Minerva Young illegally took up-front fees of $2500 to $3000 from each victim, promising desperate homeowners like Richardson they could help them refinance their mortgages.
John and his wife paid My State Processing $1500 a year ago. When they never got their modification, they asked for a refund, which they also never got.
When Contact 13 went looking for answers back in May, we found the My State Processing office on West Lake Mead near Buffalo was closed down.
But the state caught up with David and Minerva Young.
Now, according to the criminal complaint, both are charged with 10 counts including mortgage lending fraud and theft.
Both face a 20-year prison sentence.
A preliminary hearing is set for January of next year.
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