AG: Homeowners ripped off by foreclosure firms to recover losses
More than $41k from state fund to be paid to 26 Indiana victims
INDIANAPOLIS – Indiana Attorney General Greg Zoeller announced today that 26 Indiana victims of foreclosure-rescue fraud will receive payments from the state totaling more than $44,540.
Zoeller said the scam involves companies that claim to be able to save homes from foreclosure through a home-loan modification process.
“Illegitimate foreclosure consultants prey on a homeowner’s desperation to avoid or stop foreclosure by making too good to be true promises,” Zoeller said. “The Attorney General’s office has brought 95 cases against these types of companies in the last two years, but judgments are often hard to collect. The state’s Consumer Protection Assistance Fund (CPAF) can help victims, who have filed complaints with our office, recover their losses.”