Ten States Now Have "Foreclosure Rescue" Legislation

This Associated Press article by Lingling Wei of Dow Jones Newswires, and reported in the Houston Chronicle, tells the tale of a Chicago couple who unknowingly signed away the ownership of their home to a "foreclosure rescue" company, under the apparent belief that the company was going to help them get a loan.

The article also reports that "a total of 10 states have legislation in place to deter foreclosure-rescue fraud, including California, Georgia, Missouri, Minnesota, Maryland, Colorado, Rhode Island, New York, Ohio and Illinois, according to Creola Johnson, an associate law professor at Ohio State University."


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