Maryland Civil Jury Finds In Favor Of Foreclosure Rescue Operator

In a column by Eric Hartley, reported in The Capital, a civil jury found that there was not "clear and convincing" evidence that foreclosure rescue operator Loren Williams defrauded an Odenton, Maryland couple out of their townhouse in 2002. However, according to the column:

• "But the foreman read an extraordinary statement along with the verdict: Although we the jury did not find clear and convincing evidence of fraud on the part of the defendant, we do believe the defendant's business practices to be deplorable, unethical and unscrupulous."

The Maryland law regulating foreclosure rescue operators (Sections 7-301 through 7-321) which became effective in 2005, did not apply to this 2002 transaction.

One attorney familiar with Williams' business practices, reportedly commented that he believed Williams had victimized 200+ homeowners. Nevertheless, Williams is now "temporarily" out of business. He's reportedly serving 32 years in prison after admitting in 2005 to crimes not involving foreclosure rescue or other financial transactions. For more, see Justice not always about right and wrong.