Thursday, October 25, 2007

Texas AG Slams Another Upfront Fee Foreclosure Rescue Consultant; Obtains TRO & Asset Freeze

From the Office of the Texas Attorney General:
  • Texas Attorney General Greg Abbott [yesterday] obtained a temporary restraining order and asset freeze against an unlawful Texas-based foreclosure rescue operation targeting struggling homeowners in the state and across the country. According to court documents, Southern Residential, LLC, and its director and manager, Edward Casey, fraudulently advertised that the company could save homeowners from imminent foreclosure. The enforcement action also names affiliated defendants National Homeowners Assistance, Stephanie Casey, Matthew Casey and Linda McCann. Under the temporary restraining order, the defendants must stop falsely soliciting distressed homeowners immediately. Although the order only applies in Texas, homeowners nationwide are protected by the asset freeze. [...] Last week, Attorney General Abbott secured a temporary injunction against Foreclosure Assistance Solutions, a Florida-based “foreclosure rescue” scheme that targeted Texans who fell behind on their mortgage payments.

For the rest of the Texas AG's press release, see Attorney General Abbott Takes Legal Action Against Foreclosure Rescue Firm's Unlawful Texas Operations (Clients of Southern Residential urged to call their lenders immediately).

For links to documents, etc. in this case, see: