Wednesday, July 18, 2007

Maryland Homeowner Still Battling Foreclosure Rescue Operator For Her Home Equity

WBAL-TV Channel 11 has a report on Michael Powell and Amanda Mende, Powell's business partner, who are currently being sued for allegedly running a foreclosure rescue scam on a Glen Burnie, Maryland homeowner in which they are accused of tricking her out of the title to and equity in her home which she claims to be over $100,000. Attorney Michael Gregg Morin, who filed a lawsuit on her behalf claiming the deal to rescue her home broke Maryland law, calls it "a classic foreclosure rescue fraud. It's what is forbidden by the law that was passed in 2005."

The law passed in 2005 can be found at Sections 7-301 through 7-321 of the Maryland Real Property Law (Protection of Homeowners in Foreclosure - Each section of the statute has its own link).

To see foreclosure rescue operator Michael Powell literally be chased around by Channel 11 I-team investigative reporter Barry Simms while refusing to answer Simms' questions, go here to watch the WBAL-TV report (no lonhger available online).

To read the online report, see Woman Claims To Be Swindled In Foreclosure Feud.

Go here for other posts on this story.