Wednesday, April 08, 2009

Mortgage Rescue Co. Fraud Rampant

Mortgage Rescue Companies Taking Advantage Of Homeowners

LA BELLE, FL. -- According to the Florida Attorney General Office, "Many unscrupulous companies and individuals are taking advantage of the desperate situation our state�s homeowners are facing. These companies promise they can help save homes, then take outrageous up-front fees from our homeowners facing foreclosure. The companies often keep the fees, take no additional action, and let the homes fall into foreclosure."

Advice recommended by the Attorney General by anyone contacting or contacted by a mortgage rescue company:

What Should Consumers Do?
  • Homeowners should NEVER pay any up-front fees and should avoid any high-pressure sales tactics. Fees may only be collected AFTER services are completed.
  • Homeowners should first try talking to their lenders or a lawyer before contracting with any third-party company for rescue or modification services.
  • If a homeowner believes he or she has been taken advantage of by a disreputable company, he or she should call the Florida Attorney General�s fraud hotline at 1-866-9-NO-SCAM (contact us) or file a complaint online at The complaint will be reviewed by the Attorney General�s Mortgage Fraud Task Force.

The Attorney General�s Office has been actively pursuing these companies in an effort to shut them down and help consumers retrieve some of their money. The following is a list of companies with a brief description of their unethical business practices and a link to an affidavit and instructions for consumers to fill-out if they have been a victim of one of these companies.

More Info and Listing of Legal Actions Against Florida Companies:

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