Arizona AG Files Charges Against Foreclosure Rescuer
The allegations decribe the "rescuer" as requiring the homeowners to pay an outrageous sum to "buy back" their homes, and that many lost their homes because of the company's deceptive sales tactics.
Also alleged is that the company
- "targeted Spanish-speaking communities, and applied high pressure tactics to convince homeowners to sign densely worded legal documents the homeowners often did not understand. In some cases the VRF representative refused to allow the homeowner to read the documents before signing, making the homeowner dependant on the VRF representative’s explanation."
Many of the homeowners were actually unaware that they were signing over their homes, according to authorities.
For media reports on this case, see
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