A Dix Hills man faces grand larceny charges after posing as a self-employed “mortgage modification specialist” who was hired by a couple that wound up losing more than $17,000, Nassau County police say.
Detectives say Mark Savransky, 54, of 5 Alley Pond Court, was arrested Monday. According to police he had been retained by Spanish-speaking Hempstead homeowners who were at risk of foreclosure. Working from an office at 1 Old Country Road in Carle Place, Savransky counseled the married couple to apply for a modified mortgage loan, advising them that that there would be a three-month trial period to show the bank they could make consistent payments.
Savransky also told the couple to give him the required payment amount and that he would make the payment directly to the bank on their behalf. After satisfying the three- month period, Savransky, between July 2013 and January 2014, continued to collect the required amount from the homeowners who believed that the payments were being applied to continue the ongoing satisfaction of their mortgage.
In February, the couple discovered their home was again in foreclosure and that the last payment the bank received was in June 2013.
A police investigation led detectives to Savransky. He was arrested without incident at the couple’s home when he planned to collect another month’s payment, The total loss to the couple was more than $17,000.
Savransky was charged with third degree grand larceny and was scheduled for arraignment in First District Court on Tuesday.
Nassau residents who believes they may be a victim of Savransky are advised to call Third Squad detectives at (516) 573-6354.