A consumer-fraud lawsuit has been filed against the Phoenix-based loan-modification firm Santoya Financial.
The Arizona attorney general filed the suit Monday alleging Santoya is deceiving consumers with its advertising, Web site and news releases.
According to the suit, Santoya claims its loan-modification services are approved by the U.S. Department of Housing and Urban Development, which is not true.
This is from the Santoya website:
About Santoya:
Santoya Financial allies with Partners in Charity, to modify mortgage loans and provide HUD counseling. This is to assist homeowners to avoid foreclosure. We promise total transparency of all transactions to our customers, lending institutions and creditors, and any government agency
