Home Loan Modifier Accused of Fraud; Targeted Latinos | Fronteras Desk

Home Loan Modifier Accused of Fraud; Targeted Latinos | Fronteras Desk:

'via Blog this'LAS VEGAS — A Las Vegas-based businessman who advertised loan modifications in Spanish in multiple Southwestern cities is facing criminal charges brought byNevada’s Attorney General. Gustavo Anaya, (aka Gustave Anaya), his wife, and their various companies are already the target of a civil suit by the Attorney General in neighboring Arizona.

Anaya was a prolific advertiser for his loan modification services on Spanish language media. But some of the homeowners who believed Anaya’s claims now say they were too good to be true.

“They promised everything, they going to lower your payment, you are going to have it at low cost and everything,” recalled Lluridia Raygoza, a Las Vegas homeowner and mother of three who speaks with a thick Spanish accent. “That never happened.”

Raygoza and her husband saw Anaya give his pitch on a half-hour TV infomercial that aired on the major Spanish-language television stations in Las Vegas. The couple was having trouble meeting their monthly mortgage payments so they went to one of Anaya’s companies, Executive Capitals, Inc., for a loan modification.