Cotchett, Pitre & McCarthy on Thursday sued a Los Angeles-area law firm for allegedly collecting illegal fees for a “forensic loan audit” from a San Francisco Bay Area couple promising to stop the foreclosure of their property — which they quickly lost.
The lawsuit, filed on behalf of Orlando and Mercedes Erazo in San Mateo County Superior Court, accuses attorney Francisco Nogales of promising the audit would induce the Erazos’ lender to modify their loans, but of not actually doing any work to prevent foreclosure. After the homes were sold in foreclosure, Nogales collected thousands of dollars more in fees for a lawsuit he said would reclaim the properties but was never filed. Nogales and an employee linked to the firm have a history of suspect business ventures, the Cotchett firm said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]