Indiana AG Continues With More Civil Suits Targeting Alleged Out-Of-State Loan Modification Rackets

From the Office of the Indiana Attorney General:

• Indiana Attorney General Greg Zoeller filed five lawsuits on issues ranging from illegal foreclosure consultants to violations by local car dealerships [] in Lake County.

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• Foreclosure consultants First Financial Link, LLC and Josegan, Inc. both of Florida are accused of ripping off two Lake County victims for a total of $3,500.
  
  
• According to the lawsuits, both businesses promised to reduce homeowners’ interest rates or monthly payments in exchange for an upfront fee. Consumers made payments ranging from $1,500 to $2,000 before realizing little or no progress had been made on their home loans.
  
  
• The complaints allege the defendants violated the Credit Services Organization Act, the Mortgage Rescue Protection Fraud Act, the Home Loan Practices Act and Deceptive Consumer Sales Act (DCSA).
  
  
• The companies did not register a $25,000 surety bond with the Attorney General’s Office to conduct business as foreclosure consultants in Indiana. The state seeks an injunction, restitution and civil penalties.

For the Indiana AG press release, see AG Zoeller stands up for local victims, files wave of lawsuits.