Thursday, March 01, 2007

Illinois Attorney General Files Suit Against Foreclosure Rescue Operation

Illinois Attorney General Lisa Madigan has filed a civil lawsuit against three companies who allegedly promised to rescue more than a dozen struggling homeowners, then scammed them out of tens of thousands of dollars in home equity, according to an article in the Chicago Tribune at chicagotribune.com.

The companies, Eyes Have Not Seen Inc.; Creative Financial Solutions; and Mutual Trust Funding, formerly known as Greater Investment Solutions, allegedly lured victims by offering to help make mortgage payments, and then persuaded them to put the title to their homes in other people's names. Other defendants are Charles T. White Jr., Debra Gray and Darius K. Monroe.

To read more, see State sues mortgage companies in homeowners scam.

For the Illinois AG Press Release, see Madigan Files Suit To End Mortgage Rscue Scheme.