Monday, July 16, 2007

Federal & State Authorities Investigating Maryland Foreclosure Rescue Scam

The Washington Post reports:

  • "Federal and state authorities are investigating an alleged foreclosure-recovery scam that stripped hundreds of home buyers of millions of dollars in equity in their homes, according to a law enforcement source and a defendant named in a class-action lawsuit."

The matter being investigated involves the foreclosure rescue operator subject of the Maryland class action lawsuit reported in other posts. Among those targeted in the class action are Metropolitan Money Store Corp. of Lanham, the main defendant in the suit as well as Sussex Title LLC, Fordham and Fordham Investment Group of Lanham, and RTE Title LLC in Largo and Kurt Fordham and his wife, Joy Jackson.

Sussex Title, according to its part owner, Steve Norman, is cooperating with state and federal law enforcement authorities.

For more, see Alleged Home Investment Scam Probed (2nd story from top).