The owners of Foreclosure Freedom, a loan relief company in Fresno and Orange County, have been sentenced to a year in jail and four years of probation after pleading guilty to grand theft, conspiracy and unlawful foreclosure consulting.
The two women – Marianne Curtis of Costa Mesa and Mary Alice Yraceburu of Riverside — must also repay three dozen victims over $32,000, or more if additional victims come forward.
The women preyed on distressed homeowners, telling them they could renegotiate their mortgages and charging each $1,800 in advance to do so. Evidence showed that the women never renegotiated any mortgages, and many of the victims lost their homes to foreclosure or had to file bankruptcy.
