Illinois Madigan SA more actively in the fight against mortgage fraud
Madigan Indicate in the file of the Cook County Circuit Court against RYM Technology Holdings, LLC, an investment company, the business-as-RYM Tech, LLC, and its owner, Daniel L. Felix, Sr.According to the complaint, since at least 2003, RYM technology and Mr. Daniel Illinois have asked consumers to participate in its “Mortgage Reduction Program” with the assertion that the program, consumers can freely their own homes mortgages five years. As part of its Mortgage Reduction Program, the defendants claim that transfers ownership of the house, the owner of a building of trust property, the owners invest in equity “High Yield, Guarantee investments “, and use income from these investments to cushion the owner of the mortgage business.
The accused claimed owners promise that, after five years, RYM, technology transfer under the Home ownership, and at this point, the owner did not have more mortgage payments. Based on the accused promises to feel owners of the house, they are the beneficiaries of real estate and trusts that during the five years they pay monthly lease-tenant of the apartment, while the equity of transmission based on the payment of money from the mortgage and monthly “rent” payments cover the mortgage payments.
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