Maryland-Based Foreclosure Rescue Operator Gets Hammered With Multiple Court Awards In Favor Of Victimized Homeowners Duped In Sale Leaseback Rackets

Buried in a recent story in The Baltimore Sun reporting on a $700K court award in favor of an Elliott City, Maryland woman who accused foreclosure rescue operator New Town Properties LLC, lender Royal Financial Services Inc, and their principal Robert Hurd of stealing the equity in her home through a sale leaseback, equity stripping ripoff is the following excerpt on another case involving this outfit:

• Royal Financial's mortgage lender license has been revoked by the state commissioner of financial regulation, who found the company violated the state law in a separate foreclosure rescue scheme.

• In that case, according to court documents, Hurd offered to refinance a defaulted loan for homeowners Woodrow Boyd Jr. and his wife, Cheryl, and then hours before the foreclosure sale, told them he couldn't refinance but could instead buy the home and lease it back to them.

• A Baltimore County circuit judge in 2007 found Hurd in violation of the foreclosure protection law, and the couple got their house back with a new mortgage in their name, said [executive director of Baltimore-based Civil Justice Inc. Philip] Robinson, an attorney for the Boyds. Last month, the couple was awarded more than $104,000 in damages in a separate court case, he said.

For the story, see Court awards $700,000 to victim of foreclosure rescue scam (Protective law helps pave the way for recent judgments).