Louisville Home Mortgage Broker Ordered to Cease Doing Business in Indiana

Indiana’s Securities Commissioner has ordered a Louisville-based home mortgage broker and another broker based in Las Vegas to stop doing business in Indiana. A complaint filed with the Indiana Securities Commission cites Louisville-based Home Ownership Possibilities for Everyone LLC as one of the companies operating illegally without a license in Indiana. The state cited the mortgage broker for trying to obtain residential mortgage loans for clients in Indiana without having a license to do so. The other company ordered to cease operations is Las Vegas-based SEEED Consortium LLC, which also tried to secure mortgage financing for customers without an Indiana license. “It is critical for us to alert Hoosiers of these unlawful business practices and inform our residents that these companies are not licensed to offer loan broker services for residential real estate transactions in Indiana,” said Secretary of State Todd Rokita whose office oversees mortgage broker licensing. The Indiana Securities Commission is seeking a $10,000 civil penalty per violation from each company, but it was unknown how many violations each company currently faces. There have been plenty of reports of fraudulent mortgage practices across the country over the last couple of years as troubled homeowners upside-down on their mortgages try to keep their homes. Tighter lending standards have created opportunities for unscrupulous mortgage brokers to prey on desperate borrowers. Anyone looking for a mortgage to buy a home in the Louisville area should check the legitimacy of any mortgage brokerage offering loans before signing any documentation. While you must be cautious about your mortgage broker, if you’re looking for a Louisville real estate broker, look no further than Louisville Properties. We have a proven record of success and integrity helping people buy and sell homes and commercial real estate in the Louisville area. Call us today at 502.744.9504 and put our experience, honesty and professionalism to work for you!

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James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
United States
Phone: 1-502-744-9504

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