A California-based real estate brokerage company engaged in unlicensed mortgage modifications in Minnesota and charged upfront fees for services that were never rendered, according to a Minnesota Department of Commerce enforcement action issued last month.

Commercial Loan Solutions LLC and its owners Charles T. Heppner and Benjamin Ackerman of Los Angeles were fined $25,000 for promising to modify mortgages in Minnesota and charging upfront fees in 2010 and 2011. The loans weren't modified, and the homeowners were denied a refund, according to the documents.

Commercial Loan Solutions is the latest company to be fined for failing to deliver on loan modifications and charging upfront fees, which is illegal in the state.

In May the Star Tribune reported the Department of Commerce had taken enforcement action against 36 individuals for violating mortgage modification laws.

Heppner and Ackerman were not licensed real estate brokers or loan originators, the documents said. A loan originator license is required to modify loans in Minnesota.



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