Thursday, February 28, 2008

CBS Evening News On Florida Foreclosure Rescue Operator Now Targeted By State AG

The CBS Evening News recently ran a story on a Florida homeowner who allegedly had the title to her home scammed by foreclosure rescue operator National Foreclosure Management. Florida's Attorney General has filed suit against National Foreclosure Management for bilking at least 80 homeowners of nearly $2 million. "There are at least 20 other businesses being investigated right now, and I suspect we will unearth more as we go through this," [Florida AG Bill] McCollum said.

For the story, see Scam Leaves Homeowners Empty-Handed (A Foreclosure Scam Is Turning Mortgage Holders Into Victims) (watch video) (read transcript).

For the Florida AG's news release announcing the civil lawsuit in this case, see McCollum Sues "Foreclosure Rescue" Company, Announces Legislation to Fight Mortgage-Related Fraud.

To view the lawsuit, see Office of the Attorney General, et al. v. National Foreclosure Management, Inc., et al.

To view the bill summary, history, staff analysis of the proposed foreclosure rescue statute currently being considered by the Florida legislature, see: