Receiver’s Update – January 10, 2013
The receivership over Precision Law Center, LLC, Precision Law Center, Inc., The Credit Shop, LLC, Fidelity Legal Services, LLC, and Titanium Realty, Inc. remains in place and all operations have been terminated. The lawsuit filed by the FTC against these businesses and their principal, Sameer Lakhany, is still pending in federal court. We will update this website with any new developments in that lawsuit.
Receiver’s Update – March 27, 2012
- After a hearing on March 21, 2012, the Court entered a Preliminary Injunction as to Precision Law Center, LLC and Precision Law Center, Inc. Click here to read a copy of the Preliminary Injunction. Defendants Sameer Lakhany, The Credit Shop, LLC, Fidelity Legal Services, LLC, and Titanium Realty, Inc. had previously stipulated to a Preliminary Injunction on March 19, 2012. These Preliminary Injunctions continue the asset freeze and make the appointment of a Receiver permanent.
- Operations at Precision Law Center and MyHomeSupport.org are still suspended after the Receiver’s conclusion, set forth in the Preliminary Report filed March 19, 2012, that these businesses could not be operated lawfully and profitably going forward.
- Notice to Clients of Precision Law Center. All “mass joinder” lawsuits filed by Precision Law Center had been dismissed prior to the appointment of the Receiver. There are no pending cases. If you need immediate mortgage relief, we suggest that you contact your lender directly, contact a government-sponsored loan modification provider such as www.HopeNow.com, or contact a competent attorney with expertise in mortgage relief. If you have specific questions, please send them to email@example.com.
- Notice to Clients of MyHomeSupport.org. MyHomeSupport.org cannot assist you in your loan modification efforts. You should contact your lender directly, contact a government-sponsored loan modification provider such as www.HopeNow.com, or contact a competent attorney with expertise in mortgage relief. If you have specific questions, please send them to firstname.lastname@example.org.
Receiver’s Update – March 20, 2012
- Receiver’s Preliminary Report. The Receiver filed his Preliminary Report on March 19, 2012. Click here to read the Preliminary Report. The Appendix to that Report can be accessed here - Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.
- Stipulated Preliminary Injunction. On March 19, 2012, the Court entered a Preliminary Injunction as to Defendants Sameer Lakhany, The Credit Shop, LLC, Fidelity Legal Services, LLC, Titanium Realty, and “their successors, assigns, affiliates, or subsidiaries.” This Preliminary Injunction was stipulated to by the parties named in the Preliminary Injunction. Click here to read the Preliminary Injunction.
- Files Unsealed. The Court has unsealed the public file. We can, therefore, now post copies of the Federal Trade Commission’s Complaint, filed March 5, 2012 and the Court’s Temporary Restraining Order with Asset Freeze and Appointment of Temporary Receiver, filed March 7, 2012.
- Preliminary Injunction Hearing. Precision Law Center has not stipulated to a Preliminary Injunction – as such, the Court will hold a hearing on March 21, 2012 at 10:30 a.m. as to whether a Preliminary Injunction should be issued as to Precision Law Center.
- Receiver’s Application for an Order to Show Cause re: Contempt by Defendant Sameer Lakhany. The Receiver has applied to the Court for an order to show cause re: contempt that Mr. Lakhany violated the asset freeze and willfully destroyed evidence by wiping the QuickBooks accounting files from his laptop computer before turning that laptop over to the Receiver. The Court has not yet taken any action on that application.
March 8, 2012
On March 5, 2012, the Federal Trade Commission filed an action against Defendants Sameer Lakhany, The Credit Shop, LLC, Fidelity Legal Services LLC, Titanium Realty Inc., Precision Law Center, Inc., and Precision Law Center LLC, alleging that, in connection with their loan modification business and related mortgage litigation business, Defendants violated various provisions of the FTC Act which prohibit unfair or deceptive acts and violated the FTC's Mortgage Assistance Relief Services Rule - the MARS Rule - which prohibits advance fees for loan modification services.
On March 7, 2012, the Court entered a Temporary Restraining Order with an Asset Freeze and Appointment of Temporary Receiver. The Court has set March 21, 2012 as the date on which it will consider whether to enter a preliminary injunction.
On March 8, 2012, the court-appointed Temporary Receiver took possession of the businesses and has temporarily suspended operations. The Temporary Receiver has established this website as a vehicle to communicate information about the case and the receivership’s activities. We will post regular updates as developments merit.
Presently, the Court has sealed the files, but once the files are unsealed we will post copies of the Complaint and Temporary Restraining Order with Asset Freeze.