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Attorney General Corbett Announces Lawsuit in Pittsburgh Area Real Estate and Mortgage Fraud Case
HARRISBURG - Attorney General Tom Corbett announced that the Attorney General's Bureau of Consumer Protection has filed suit against a Pittsburgh area man, along with several of his businesses, accused of orchestrating a multi-million dollar mortgage and real estate scheme in Allegheny, Beaver and Butler counties.
Corbett said the 13-count civil complaint was filed on November 15, 2007, in Allegheny County against Easy Realty Solutions Inc., Easy Realty Solutions LLC (doing business as Fieldstone Real Estate Co.) and Guaranteed Results Co., along with James C. Platts, the only known employee or officer for these companies.
"Consumers came to Mr. Platts and Easy Realty looking for homes and a piece of the 'American Dream'," Corbett said. "Instead, their dreams of home ownership quickly turned into nightmares of inflated prices, undisclosed fees and bogus legal filings, all intended to squeeze as much money as possible from trusting consumers."
Corbett said that since January 2004, Platts and his companies have allegedly received over $2 million in payments from consumers related to real estate sales and have extended or received at least 113 second mortgages, valued at over $1.2 million, despite the lack of a real estate license or secondary mortgage loan license. Additionally, Platts and his companies are accused of wrongfully filing more than 150 legal notices against property sellers in an effort to extract additional payments when their homes were sold.
For the rest of this article please visit www.attorneygeneral.gov.
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