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November 6, 2014
LANSING, Mich. - Michigan Attorney General Bill Schuette today announced the major distribution
of $747,094 from the State's Foreclosure Scam Restitution Fund to compensate 36 southeast Michigan
victims of mortgage modification fraud who would otherwise never see a dime of restitution. Victims of the
Nationwide Consulting, LLC mortgage modification scam will now be fully compensated for money lost.
"We created the Homeowner Protection Fund to aid the thousands of Michigan citizens who lost
their hard-earned money to mortgage rescue scams," Schuette said. "In many of these cases, the money
was spent by the scammer long before they were convicted, so the chance of victims being repaid in the
short term is slim."
"While we can never bring back a home lost to foreclosure, what we can do is secure restitution to
help victimized citizens rebuild their lives. This fund is a good first step, and it will directly benefit the citizens
who need it most."
The individual victim reimbursement amounts will range from $250 to $208,000. Schuette's office
will send a letter to each victim notifying them of their upcoming reimbursement. The Wayne County Clerk's
office will disburse the checks beginning today.
The victims receiving restitution payments all sought mortgage modifications from Nationwide
Consulting, LLC. The operators of the business, Kenneth Sandoval and Zacharia Ortiz were both convicted
for their role in the scam. Sandoval was sentenced to serve up to twenty years in prison and is currently
incarcerated at the Ojibway Correctional Facility in Marenisco, Michigan. Ortiz is currently out on parole
following the completion of his sentence.
To read more about the additional programs under the Homeowner Protection Fund,
visit: http://1.usa.gov/1oQJCvt.
For more information on the mortgage settlement, including a consumer alert and a Frequently Asked
Questions document available for download, visit www.michigan.gov/mortgagesettlement
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