Attorney general sues foreclosure firms

[flashl]

She says the consulting companies victimized people already facing foreclosure, costing them time and money.

(Minnesota) Attorney General Lori Swanson on Thursday sued six out-of-state foreclosure consulting companies who she claims defrauded Minnesota homeowners out of thousands of dollars.

Swanson, who filed the suits in Hennepin County District Court, is also seeking injunctions to stop the companies from operating in Minnesota.

...

Also, Swanson said, the companies did not deliver the solutions they promised, which put the distressed homeowners in a further bind because they lost time and more money while trying to save their homes.

"They made a bad situation even worse," she said Thursday.

Lawyers with the attorney general's office said the companies used websites, direct mailings and phone calls to solicit property owners, assuring them the companies could stop the foreclosures.

Star Tribune

[Mountainman]

1. These folks sure must be trusting souls. They first get screwed by mortgage companies

then by someone taking advantage of their situation. Mama always said that if it sounds too good to be true it probably is.

This crisis, the shit on TV and the fact that so many people vote for the right makes me certain that we are a nation of dumb ass fools.

[flashl]

2. I am sure the brochures that the Bush admin offered would help them navigate through the crisis.

:sarcasm: