A Valley mortgage company accused of swindling homeowners across the country didn’t even show up to court to defend itself, according to court documents.
Eric David Brown and his Phoenix-based company, Mortgage Relief Solutions, have been ordered to pay restitution to nearly two dozen consumers and $220,000 in civil penalties, after failing to respond to a lawsuit filed by the Arizona Attorney General (AZAG) in March 2017.
On its website, Mortgage Relief Solutions advertised that it had a plan to help homeowners who owed more on their home than what it was worth. According to the AZAG complaint, the company promised to take over mortgage payments, pay taxes, HOA fees, and maintain the property during a “strategic default.” It also alleges that the company “would help homeowners avoid negative effects on their credit ratings that would result from a strategic default.”
The Let Joe Know team found several consumers around the country who say Mortgage Relief Solutions had them sign over the deed to their homes only to find that the mortgage went unpaid. Some found out found out about the delinquency in enough time to negotiate with their banks, but others were forced into foreclosure or even bankruptcy.
The judgment orders Brown, Mortgage Relief Solutions, and “any person or entity acting in concert with them” to relinquish any claim or authority they have over properties that were signed over to them.
We are still awaiting comment from Mortgage Relief Solutions.