Florida AG Investigating 20 Foreclosure Rescue Cases; One Firm Allegedly Ripped Off 80+ Homeowners Of $1.7M In Home Equity

In Florida, WFOR-TV Channel 4 reports:

• State investigators are concerned that as foreclosures rise, scams by people claiming to rescue homes from foreclosures will rise as well, so Tuesday the Florida Attorney General's Office is expected to make a big announcement that will help many homeowners to keep their homes. Investigators say they are looking at some 20 cases right now, [...] . "We're investigating a particular South Florida company, National Foreclosure Management, who has allegedly defrauded more than 80 homeowners out of their home equity more than $1.7 million in home equity to be exact," said Sandi Copes, Florida Attorney General Press Secretary.

For more, see Florida To Launch Campaign Against Mortgage Fraud (read story) (watch video).