LANSING, Mich. (AP) — More than 112 victims of a foreclosure
rescue scam in Michigan will be helped after the state attorney
general’s office accused a company of making misleading or false
statements to homeowners.
Attorney General Bill Schuette says
nearly $115,000 will be distributed from a state fund to victims who
paid between $595 and $3,000 to Hope4Homeowners.
Former Attorney
General Mike Cox charged Help4Homeowners in Oakland County. It was
convicted of three counts of violating Michigan’s credit services law.
Michigan
prohibits charging fees before completing services when negotiating
loans on behalf of homeowners. Schuette said Friday Hope4Homeowners
guaranteed to prevent foreclosure and asserted consumers could avoid
foreclosure regardless of their credit score, home appraisal or
debt-to-income ratio.
People who may have been victims of Help4Homeowners should call the state at (877) 765-8388.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
LANSING, Mich. (AP) — More than 112 victims of a foreclosure
rescue scam in Michigan will be helped after the state attorney
general’s office accused a company of making misleading or false
statements to homeowners.
Attorney General Bill Schuette says
nearly $115,000 will be distributed from a state fund to victims who
paid between $595 and $3,000 to Hope4Homeowners.
Former Attorney
General Mike Cox charged Help4Homeowners in Oakland County. It was
convicted of three counts of violating Michigan’s credit services law.
Michigan
prohibits charging fees before completing services when negotiating
loans on behalf of homeowners. Schuette said Friday Hope4Homeowners
guaranteed to prevent foreclosure and asserted consumers could avoid
foreclosure regardless of their credit score, home appraisal or
debt-to-income ratio.
People who may have been victims of Help4Homeowners should call the state at (877) 765-8388.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.