Attorney Gen. Martha CoakleyFollowing two lawsuits for alleged mortgage fraud and foreclosure rescue schemes, Attorney General Martha Coakley’s Office in Boston has obtained judgment against Brockton attorney Valerie Hanserd.

The first lawsuit involved Hanserd’s closing of a loan allegedly obtained by using false and forged documents and the second lawsuit involved allegations relating to her participation in an unfair and deceptive foreclosure rescue scheme.

Under the terms of the consent judgment, filed late last week in Suffolk Superior Court, Hanserd must refrain from acting as a real estate closing attorney or title agent for seven years retroactive to April 27, 2007. 

In addition, Hanserd must pay $80,000 in restitution to victims of foreclosure rescue schemes or to address the negative impact of mortgage foreclosures in Massachusetts, as well as $35,000 in fees and penalties to the commonwealth.

Brockton Attorney Receives Judgment For Housing Schemes

by Banker & Tradesman time to read: 1 min
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