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Devils in the City of Angels
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April 15, 2009
The Los Angeles City Attorney has filed charges against two separate entities that are accused of taking advantage of and deceiving non-English-speaking first-time homebuyers and others seeking to refinance.
LA City Attorney Rocky Delgadillo is charging a group of real estate agents of running deceptive advertisements on a Spanish-language radio touting a fictitious government program that could help homebuyers pay back loans they could not afford.
Also charged were five loan brokerage workers who allegedly convinced a couple to obtain a mortgage refinance in excess of the amount, interest and monthly payments they were originally told they would receive.
Read story at KSBY News
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