Illinois AG Tags Two Alleged Loan Modification Rackets In Separate Suits Charging Outfits With Screwing 40 Homeowners Out Of Upfront Fees

From the Office of the Illinois Attorney General:

• Attorney General Lisa Madigan [] filed suit against two Chicago companies for mortgage rescue fraud schemes that illegally charged consumers more than $61,000 in upfront fees that resulted in little, if any, help to stay in their homes.



• The Attorney General filed suit [] in Cook County Circuit Court against Avatar Realty Group Inc., formerly known as Monroe Realty & Financial Enterprises Inc. and Monroe Realty Corporation, and its president Arthur Monroe.



• Madigan filed a separate lawsuit against Skyline Capital Inc. and Rahul Shah, company president.



• The lawsuits seek to shut down the businesses and obtain restitution for the 40 consumers who have reported being victimized.

For more, see Attorney General Madigan Sues Chicago Area Mortgage Rescue Schemes (Companies That Promised Mortgage Help Defrauded Consumers of $61,000).