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Violation Tracker Individual Record

Company: Deed and Note Traders, Inc.
Penalty: $200,000
Year: 2006
Date: December 21, 2006
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: mortgage abuses
Violation Description: Deed and Note Traders, Inc. agreed to pay restitution and $200,000 to the state in settlement of allegations it was deceptive in offering consumers who faced foreclosure a simple way to save their homes: the offer to buy the home at a nominal value then rent it back until they consumer could re-purchase. This arrangement was rarely successful because the company set up too many financial hurdles for consumers to overcome.
Level of Government: state
Action Type: agency action
Agency: Arizona Attorney General
Civil or Criminal Case: civil
Facility State: Arizona
Facility City: Tucson
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.