California Department of Justice agents have arrested Miguel Angel Lopez-Soleta after an extended investigation into allegations by homeowners that he did not fulfill promises to them to negotiate with banks for their mortgages.
Lopez-Soleta is facing 46 counts of fraud, grand theft, financial crimes against the elderly and burglary in a case in which 23 alleged victims have been named. The victims sought out assistance with him and his former company Mortgage Modifiers Inc., for help in modifying loans.
Lopez-Soleta and his wife, Heidi Beth Marks-Lopez, filed Chapter 7 bankruptcy in 2014. Their bankruptcy filing listed 537 creditors, many of whom claim that Lopez-Soleta charged them upfront fees (illegal since 2009) to help modify their home loans but never contact the lenders. As a result, some of those homeowners say they either lost their homes or were forced into even further debt.
Read the original article in the Press Democrat.