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Article: ATTORNEY GENERAL MADIGAN SUES SEVEN COMPANIES FOR MORTGAGE RESCUE FRAUD

Article from:
US Fed News Service, Including US State News
Article date:
November 18, 2008
Copyright

The Illinois Attorney General issued the following news release:

Attorney General Lisa Madigan today announced that she has filed seven new lawsuits against so-called mortgage "rescue" companies and warned consumers about an alarming rise in these scams that prey on vulnerable homeowners on the verge of foreclosure. Madigan urged consumers to use caution when seeking help if they are at risk of losing their homes and to seek reputable sources for assistance.

"Consumers need to resist offers of a 'rescue,'" Madigan said. "These scam artists prey on desperate homeowners who are struggling to save their homes. I urge consumers to avoid 'rescue' offers and, instead, reach out to trusted sources ...

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