Maybe this story and video will wake up some of the remaining rogue loan modification companies that seem to be defying the law and operating in California like it is still the Wild, Wild, mortgage West.
Police from Santa Clara County, California arrested two San Jose loan modification company CEO’s in what is being reported as a multi-million dollar scam in which potentially hundreds of homeowners, mainly Hispanic, were possible victims.
The two men, Rene Alvarez, 39, and Mariano Ortega, 34, who ran a company called M & R Contemporary Solutions, Inc. were arrested yesterday and held on a whopping $2 million dollars bail. Santa Clara County investigators served search warrants at the firms two office locations. M & R’s bank accounts have been ceased with what investigators are reporting. “A significant amount of money.”
I love this video of a loan modification CEO dressed in a County Jail orange jump suit that just days ago was dressed in a business suit and collecting thousands from unsuspecting homeowners.
These partners would charge homeowners an illegal up-front fee, which is prohibited by California state law and do nothing once the money was collected. Victims of the scam were scattered throughout California and other states like Florida, Arizona, Texas and Nevada.
Each of the two men face 22 felony counts in regards to only 10 victims with more anticipated to come forward. Alvarez and Ortega face charges of one count of collecting an illegal advance fee and one count of theft by false pretenses for each victim. Additionally, each is charged with two counts of conspiracy.
Rene Alvarez was arraigned in Santa Clara County Superior Court yesterday afternoon. The judge is definitely making sure Alvarez does not flee by setting his bail at a hefty $2 million.
We have given Green Credit Law Center $888.95 a month since may of this year until August this year. They are taking our money but not returning any of our phone calls or solving our debt problems. They also packed up , changed their name to Ericsson Law Group and move to new location. I had to call several numbers to trace them down. I have a name and to call with this so call law group , but he never answers the phone or return my calls. If this is not a scam I dont know a scam is. If any one knows anything please e-mail me some advice.
I dont believe the judge should of allowed any type of bail, as $2 million dollars is nothing for rene alvarez based on what i’ve seen sofar, he may have family that can pay and he will flee. DONT ALLOW IT!! let him pay for his crimes.I believe “green credit law center” “ericsson law group” and “M&R contemporary solutions” are or may be the same comapny.
Here is my story My name is Gustavo and my mom was scammed by “Rene Alvarez”. “M&R contemporary solutions”
And I dont think Rene alvarez should be on bail especially for 2 million dollars Again as rene alvarez may have family who can set him free then he will disapear,My mom got scammed as well we are having an eviction notice for this sept, we were told by “rene alavarez” not to continue paying our mortage payments as it was un nessary. i believe rene alvarez collected atleast $3,000 upfront from my mom. Any help or suggestions would be great. This is all we have left we spent all $60k in our house plus our monthly payments since 4-5 yrs ago which have resulted over $100k+ dollars.
We have given Green Credit Law Center $888.95 a month since may of this year until August this year. They are taking our money but not returning any of our phone calls or solving our debt problems. They also packed up , changed their name to Ericsson Law Group and move to new location. I had to call several numbers to trace them down. I have a name and to call with this so call law group , but he never answers the phone or return my calls. If this is not a scam I dont know a scam is. If any one knows anything please e-mail me some advice.
P.S. – Sorry, forgot to tell you great post!
i am having problem with my loan modification , its been 3 months now , i have the second one its seems its the same thing going on,
i need help seriously , i would appreciate if somebody could help me to get b ack my fee.
Yo tanvien he sido una de las victimas me pidieron que diera $6,500 para modificar el prestamo. Si porfabor algien sabe el telefono donde puedo hablar para que me den infornmacion de este caso.
what about the real state agents that were referring home owners and were getting commissions for every contract they should be jailed and lose their license
My Mother gave these guys $5000 upfront. I need more info on how to get it back. Also i agree with the above person that agents that who referred victims must have known whats going on. So they should be punished also. These guys would always jerk around never showing any progress or results. The refund guarantee should be honored by force. Any help would be appreciated.
wow Gustavo that is a lot of hatred you have against someone who has not been convicted on anything, i have done some research on what exactly M&R does and let me tell you this, M&R is the only program that makes scenes for any home owner to save there home, unless you want to do a loan modification (hope you qualify) which is only going to reduce your interest rate and not your principal.
I understand Gustavo you want to point your finger and blame someone for you losing your home which I am truly sorry, but maybe you should sue the bank they are the ones that made it impossible to save your house and in reality took your 100k, or maybe you should blame yourself for not making your payments which leads into foreclosure, the only way to avoid foreclosure is to remain current
I know someone who was in the program, they help them stay in there property while they were in the process of negotiating her note. I feel very strong about this program and unfortunately people need to be educated on the difference between a loan modification and M&R. Unfortunately the news like to over react and assume this company is fraud when in reality they don’t even know what they are talking about.
samuel,
I dont know if you are close friends with these guys, but I dont think its overreacting when they have been arrested on 22 felony counts from 10 victims. Do you think the police are going to arrest these guys without a thorough investigation? Any one who ever met or did business with these guys knew they were a little shady, and if you are denying that than chances are you are just as shady as them.
I agree with the poster that said that any real estate agents referring business should be charged too if they were getting kickbacks, and I would add that there was probably others besides agents that were involved in the scheme. These guys didnt end up with 100% of the ill-gotten money, this stuff was being spread around. All of the people that assisted these guys and got paid for it need to be investigated too. This stuff never happens in a vacuum, and it takes a ring of unethical people to pull off something this big.
m&r and green credit are not the same company, but hopefully green credits owners meet the same fate. ken green stop wasting your money and cancel your debt settlement agreement and demand a refund. ask them to provide ONE example of a settled debt for ANY customer. just ONE. i am willing to bet they cannot.
So where do I go from here? I am stil current on my mortgage but I was told if they didnt do anything with my loan by Jan 1st…a couple who worked at the company said ” I could get my money Back!” Now, i cant get a hold of anyone!!! who can i contact for further help!!!
One would have to wonder why they didnt arrest James TroyWilson and his brother who were out activily recruiting clients for these folks? Ironic James Wilson was just at my door two day ago serving me some harrassment from my abuser in a DV case – how does he always come out of all of these deals so well? From SuCase agent to M & R Contempory Solutions? to passing out misery to me in bogus legal proscesss on ThanksGiving and again two days before Christmas – why is he able to skate all the time?
EVEN AFTER JAMES T WILSON – CALLS HIMSELF TROY – SENT MY EX BOYFRIEND IN THE DIRECTION OF M&R – AND SUPPOSEDLY HIS “SISTERS” LOAN DOCUMENTS ENDED UP IN THE DA’S OFFICE -AFTER “TROYS”, BROTHERS OFFICE AT CONTEMPO CAPITAL FUNDING WAS RAIDED OR SOMETHING- I’VE GOT TO WONDER WHY THEN WILSON TRIED RIGHT AWAY TO SEND HIM TO THE HOME PROTECTION GROUP IN DIAMOND BAR, CA. IF THE COMMENT PREVIOUS IS TRUE- THAT REALTORS WERE PAID TO SEND THEM CLIENTS – THEN WHY ISN’T JAMES “TROY” IN TROUBLE? HE HAS A RESTRICTED LISENCE FROM THE DRE AS IT IS, NOT SHOCKING BUT WHAT IS ALSO NOT SHOCKING IS THAT HE WAS A SU CASA REAL ESTATE AGENT ALSO. THE EX BOYFRIEND WAS A CLOWN AND HIS SISTER A HOAX AND LOW AND BEHOLD SHE WROTE AN AFFADAVIT FOR HER BROTHER SAYING THAT THE DIAMOND BAR HOME PROTECITON GROUP HAD RESINDED AND RECONVEYED THE FORECLOSURE ON THE PROPERTY THAT HER BROTHER AND I LIVED AT. I DON’T THINK THAT TURNED OUT TO BE TRUE HOWEVER ITS INTERESTING THAT – SHE A PROFESSIONAL EMBEZZLER WITH A PRISON HISTORY – FOR TAX FRAUD – MANAGED TO GET A 645,000 LOAN AND THE MORTGAGE FOR HER MOTHERS HOME TOO- THEY HAVE TO HAVE A NETWORK OF SCUMBAGS THAT MEET REGULARY FOR THEM TO DO CRIME- AND THEY NEVER GET CAUGHT. GO FIGURE
HOW DO THEY DO IT OVER AND OVER?
Was anyone else referred by any of their representatives to the Home Protection Group Diamond Bar CA – right after M & R was shut down? Were any of the referrals also from John R Wilson or his brother James Troy Wilson Contempo Capital Funding? If so I would like to hear your story also. Trishe Nguyen was another name that came up anyone? Thanks
I need to know if there is a way that we can get the money back