Recap Of Florida AG Mortgage, Foreclosure Fraud Lawsuits

In Florida, the Jacksonville Business Journal recaps the five lawsuits alleging mortgage / foreclosure fraud that the Florida AG's office has filed since it began targeting these types of cases:

• Florida Attorney General Bill McCollum has filed five cases against companies he believes have conducted questionable, if not illegal, acts in regard to mortgage and foreclosure fraud since assembling his Mortgage Fraud Task Force last September. The biggest case in terms of public profile came at the beginning of July against Countrywide Financial, which McCollum claimed put borrowers into mortgages they couldn't afford or gave loans with rates and penalties that were misleading.(1)

For more, see AG accuses Countrywide, others of fraud.

(1) The other lawsuits are:

• State of Florida v. Law & Associates, et al. (alleges upfront fee foreclosure rescue),
• State of Florida v. National Foreclosure Management, Inc., et al. (alleges sale leaseback foreclosure rescue),
• State of Florida v. Florida Housing Council, et al. (alleges sale leaseback foreclosure rescue),
• State of Florida v. A Realty Rx, LLC., and Jim Platts (alleges unlicensed real estate, securities, mortgage brokerage).