Illinois AG, Foreclosure Rescue Operator Reach Settlement In Civil Suit

From the Office of the Illinois Attorney General:

• As part of her ongoing efforts to target scam artists committing mortgage fraud, Attorney General Lisa Madigan has successfully reached a settlement agreement with a Charlotte, North Carolina-based business operating a mortgage rescue scheme that falsely promised to help financially distressed homeowners who were facing foreclosure.

• According to the settlement announced [yesterday], HomeSavers USA, Inc. and its CEO, David Moakler, will cease offering and accepting money for foreclosure rescue services in Illinois. Customers of HomeSavers USA have until March 21, 2008, to file a complaint with the Illinois Attorney General’s office for full or partial refund of the fees they paid to the defendants.

For the entire Illinois AG news release, see Madigan Reaches Settlement With Mortgage Rescue Firm.