The Real Deal Miami

Foreclosure rescue fraud charges for Lincoln Lending

March 24, 2009 11:30AM

Florida Attorney General Bill McCollum on Monday sued Miami-based Lincoln Lending Services, claiming the company and its owner, Rita Gomez, engaged in foreclosure rescue fraud. The attorney general said the company targeted Hispanics who faced foreclosure and charged upfront fees to modify their loans in violation of the Foreclosure Rescue Fraud Prevention Act, which was signed into law last year by Governor Charlie Crist. The complaint alleges that, to get around the law that prohibits upfront charges, consumers were told to pay $2,700 for “forensic analysis” services, then sign a contract for alleged modification services at a cost of $999, which consumers were told would be paid by the bank through the federal stimulus package, according to the lawsuit.