Florida AG: 40+ Active Investigations Into Loan Modification, Foreclosure Rescue Firms

From the Florida Attorney General's Office:

• Attorney General Bill McCollum [Tuesday] issued a consumer advisory as part of National Consumer Protection Week on foreclosure "rescue" services and loan modification offers, the most frequent subject of complaints to the Attorney General's Office during 2008. Within the last year, the Attorney General's has reviewed information on over 200 foreclosure rescue businesses and has over 40 active investigations into potential violations of Florida's Foreclosure Fraud Protection Act, a new law supported last year by the Attorney General. Several lawsuits have been filed throughout the state, including one against a South Florida company which allegedly defrauded several hundred homeowners out of more than $1 million collectively.

For more, see Homeowners encouraged to look for warning signs, avoid common scams.