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Legal Ethics

Mass. Lawyer Agrees to Pay $115K in Restitution to Settle Mortgage Fraud Case

Posted Jun 11, 2009 3:29 PM CST
By Molly McDonough

A lawyer from Brockton, Mass., agreed this week to stop her practice as a real estate-closing attorney and title agent for seven years and repay $115,000 in restitution and fees.

Valerie Hanserd struck the deal to settle allegations of mortgage fraud that are being prosecuted civilly by the Massachusetts attorney general, the Boston Globe reports.

Hanserd was also accused of participating in a foreclosure rescue scheme. Both lawsuits are continuing against other defendants.

Of the settlement, $80,000 is to go toward restitution and $35,000 to fees, according to a news release from the state AG's office.

Comments

1.

juliemarty
Jun 18, 2009 11:57 PM CST

Check out http://obamamortgage2009.blogspot.com or obamamortgage2009.blogspot.com There needs to be a program for the elderly but not quite to retirement age for mortgage modification when the have lost their job during this particular recession. I made a decent wage because I put my time into a company and now have no job. I am looking at $10 - to $12 hr jobs after working all my life. You can’t make a mortgage payment on that kind of money. I will eventually lose my home.

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