Friday, July 13, 2007

More On Maryland Foreclosure Rescue Class Action Lawsuit

The Daily Times recently ran a story on the class-action civil lawsuit that has been filed against several Prince George's County businesses on behalf of hundreds of homeowners who say they lost millions of dollars in equity through an elaborate foreclosure rescue, equity stripping scheme.

Phillip Robinson, a lawyer and executive director of Civil Justice Inc., a Baltimore nonprofit group that helped prepare the lawsuit, said that most of the advertising for the mortgage foreclosure rescues was done on street signs and on radio and television stations that catered to black residents.

Attorney Stan Brown, who represents about 20 Prince George's plaintiffs, said he obtained an injunction last month to stop his clients' homes from going into foreclosure. Go here for more on attorney Stan Brown.

For more on the story, see Homeowners sue mortgage companies, alleging fraud, and Mortgage Companies Sued in Pr. George's (Homeowners Say They Were Cheated of Equity) (reported in The Washington Post).

For earlier post on this story, see Class Action Lawsuit Filed Against Maryland Foreclosure Rescue Operators.