Saturday, December 02, 2006

Washington State Man Suing Company On "Lease-Buyback" Foreclosure Rescue Deal

seattlepi.com reports (Seattle Post Intelligencer) that a Washigton State man filed a civil lawsuit against a local "foreclosure rescue" company for alleged misrepresentations that resulted in the loss of his home to the company through the use of a "lease/buyback" arrangement.

The homeowner's complaint reportedly details the "rescue" company's alleged conduct, and is described in this article.

Reportedly, Washington state and local prosecutors have had successful prosecutions in several cases involving criminal violations regarding this type of scam, and are currently pursuing several more investigations.

This case is being pursued by the homeowner through a private attorney in civil court.