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May 13, 2010

Colorado Attorney General brings lawsuit against mortgage company

The Attorney General of Colorado has announced that it has filed lawsuit against American Mortgage Consultants, alleging the company employed deceptive marketing tactics to lure new customers between January 2009 and March 2010. The lawsuit also makes reference to the fact that the company, which offers loan modification services, used a video clip of President Obama in its marketing, falsely implying an affiliation with the Federal government. In addition, the Attorney General also intends to investigate claims that American Mortgage Consultants charged clients $2,500 in up-front fees for their services, something which is currently illegal in Colorado.http://www.burgsimpson.com/litigation-corporate.html

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