Relevant:
- FTC Puts Mortgage Foreclosure “Rescue†Company Out of Business
- Citi mortgage units fined $28.8 million for foreclosure sleaze; 40k homeowners effected
- Broadview Heights foreclosure rescue company facing lawsuit from state
- Eight Companies Sued for Alleged 'Abusive Foreclosure Practices' in Ohio
- Beware foreclosure "rescue" scam firms
2009-02-17 — backgroundnow.com
In a case that affects consumers throughout the nation, the Federal Trade Commission has charged a mortgage foreclosure “rescue†company with falsely claiming that it will stop foreclosure or fully refund consumers’ money. A federal court ordered a halt to the alleged practices and froze the defendants’ assets pending trial. Many people who paid the company ultimately lost their homes to foreclosure, and others avoided foreclosure only through their own efforts. The FTC seeks to prohibit the deceptive claims and make the company pay consumer redress.
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