Monday, December 25, 2006

Arizona AG Alleges Deception, Settles With Foreclosure Rescue Operator

An Arizona foreclosure rescue operator has agreed to change its business practices and pay restitution to customers who took part in their "HomeSavers" program, according to this Press Release issued by the Arizona Attorney General's Office.

The company has also agreed to pay the Attorney General’s Office $200,000 for the cost of the investigation.

The irony in this matter is that, according to this media report, the foreclosure rescue operator in this case had been named as a finalist for the Tucson Better Business Bureau annual ethics awards earlier this year in spite of the fact that it had been sued eight times by unhappy customers in the past 10 years. See Ethics finalist was sued 8 times .

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