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Hearing set for woman involved in mortgage lending fraud case

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Updated: 1/17/2013 6:44 pm
LAS VEGAS -- Nevada Attorney General Catherine Cortez Masto has set a preliminary hearing for a woman involved in a mortgage lending fraud case involving several victims operating under the name of CSR Services.

Masto announced the preliminary hearing for Xochitl Cervantes, 35 of Las Vegas was set for March 4, at 8:30 a.m. in Department 11 Justice Court.

“I encourage victims or anyone with more information regarding this case or any mortgage lending fraud to come forward,” Masto said.

Xochitl Cervantes is charged with two felony counts of mortgage lending fraud, one felony counts of embezzlement, eight felony counts of uttering a forged instrument, one felony count of multiple transactions involving fraud and deceit in the course of enterprise and occupation, and one felony count of pattern of mortgage lending fraud.

From approximately March 2009 to May 2010, Cervantes made false representations that she was capable of rescuing homeowners who were looking to refinance their mortgages by negotiating loan modifications.

She collected up-front fees, in most cases ranging from $2,100 to $2,500, for the proposed services that were never performed or refunds provided.

Cervantes, who faces a 20 year prison sentence, made an initial appearance in Las Vegas Justice Court 11 on January 7, 2013.

Anyone with additional information regarding Xochitl Cervantes, or CSR Servicing is urged to contact the Attorney General’s Office Bureau of Consumer Protection Hotline at (702) 486-3132 and press “3” to receive instructions on how to submit a complaint.

-- From news release




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