New York 1/7/2012 12:32:50 AM
News / Finance

Florida Attorney General sues two firms accused of foreclosure fraud

The state of Florida has been hit hard with foreclosure and desperate homeowners are vulnerable to scams. Florida’s Attorney General Pam Bondi sued two companies for preying on people and defrauding who are facing foreclosure.

MGD Management and CRS Marketing offered “strategic default” services, to their clients claiming they could live in their without paying their mortgage, taxes or association dues for three years. The two firms also stated that the fees they were paid covered all legal services aside from bankruptcy.

But the Attorney General’s lawsuit alleges these two companies did not actually provide any legal services and numerous homes were seized. These firms also insisted their clients ignore communications from mortgage servicers unless they came through certified mail. A credible foreclosure attorney won’t take a person’s money without actually applying their legal expertise to help the troubled homeowner.

AG Bondi also has injunction against the two firms forbidding them from advertising or marketing or continuing to provide their services. Their assets have also been frozen.

People who are facing foreclosure are susceptible to frauds. These two companies capitalized on their desperation. Troubled homeowners seeking out a foreclosure lawyer should check their credentials and ask for personal references. Dealing with the foreclosure is stressful enough without having to worry about being taken advantage of.

A foreclosure attorney can help with the different aspects of foreclosure and let the homeowner stay in their cherished home.