Tuesday, December 11, 2007

Minnesota AG Files Suit Against Upfront Fee Foreclosure Rescue Operators

Upfont fee foreclosure rescue operators Foreclosure Assistance Solutions, LLC of Florida and American Housing Authority, Inc. are being targeted it again. This time, its the Minnesota Attorney General's office on the attack, filing separtate civil lawsuits against each. Excerpts from the Minnesota AG Press Release announcing the suits:
  • Minnesota Attorney General Lori Swanson [last Thursday] filed two separate lawsuits in Hennepin County District Court against two out-of-state companies that charged homeowners in foreclosure up to $1,395 to save their homes but failed to provide the promised assistance in helping the borrowers to retain home ownership.

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  • The first suit is against Foreclosure Assistance Solutions, LLC of Florida, which has also done business under the names FAS and Mortgage Second Chance. The second suit is against American Housing Authority, Inc. and American Housing Financial, Inc. of Nevada.

For more, see Minnesota AG Press Release - Swanson Sues Two Out-Of-State Mortgage "Foreclosure Consultants" For Charging Fees But Not Delivering Promised Services (Suit Alleges Violation of 2004 Law that Prohibits Foreclosure Consultants From Charging Fees Before Services are Performed ).

Go here for more problems for Foreclosure Assistance Solutions ; and here for more problems for American Housing Authority.