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Violation Tracker Individual Record

Company: Deed and Note Traders and 881Home
Penalty: $375,000
Year: 2023
Date: March 9, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Secondary Offense: consumer protection violation
Violation Description: The 2021 consumer fraud case involved Deed and Note Traders, 881Home and their manager. The lawsuit alleged the defendants had a practice of hiding or misrepresenting underlying mortgages for the homes they were selling, trapping consumers in mortgages they had never negotiated. The settlement requires defendants pay $350,000 in consumer restitution and $25,000 in civil penalties.
Level of Government: state
Action Type: agency action
Agency: Arizona Attorney General
Civil or Criminal Case: civil
Facility State: Arizona
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.