Colt Holdings, LLC | Attorney General - State of Colorado

Po Luxe Homes, LLC

State of Colorado v. Pro Luxe Homes, LLC, and Paola Mendez Altamirano aka Paola Mendez, an individual.

The State of Colorado entered into an Assurance of Discontinuance with PoLuxe Homes, LLC (“PoLuxe Homes”) and Paola Mendez (aka Paola Mendez Altamirano) to resolve its investigation into alleged violations of the Colorado Consumer Protection Act. Mendez is an agent member and manager of PoLuxe Homes.

The State alleges that PoLuxe Homes and Mendez worked with Colt Holdings, LLC and Jordan Head, who entered a separate Assurance of Discontinuance with the State, to obtain overbid funds in a deceptive manner. The overbid is the difference between the amount a property sells for at a foreclosure sale and the amended bid amount. In one instance, Head and Mendez obtained title to a property after making the winning bid at a sheriff’s foreclosure sale, and Mendez received the entire overbid.

Under the terms of the Assurance, PoLuxe Homes and Mendez paid $31,696.70 to the State to resolve allegations of deceptive conduct. PoLuxe Homes and Mendez also agreed to perform the following as injunctive relief: (1) develop a policy for destroying or disposing of personal identifiable information in accordance with Colorado law; (2) cease and refrain from obtaining overbids and from assisting (or offering to assist) homeowners to obtain overbids; and (3) not take steps to evict homeowners until after they obtain legal title to the property.

The State will be giving all money obtained to injured homeowners as partial restitution.

See also Colt Holdings, LLC, and Jordan Head, individually