Florida AG targets companies for preying on homeowners

Florida AG targets companies for preying on homeowners

And as homeowners grew more desperate to keep a roof over their heads, many were easy prey – and some still are. Court records show that telemarketers, often denizens of boiler-room alleys in California or Florida, so named for their high-pressure sales tactics, have relied on direct mail, websites, and radio and television ads to pitch.

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Bank of America halts foreclosures in all states Decline in home prices to continue to 2011: Clear Capital national home prices continue to drift downward, largely due to the West’s quarter-over-quarter declines (-4.5%) that could lead the region into double dip territory as soon as next month. National home prices are up 4.2% from two years ago, yet the gains of other positive market indicators have yet to extend to the greater housing market.

Florida Attorney general pam bondi said, "Scamming homeowners worried about losing their homes is not only illegal, it is despicable, and thanks to the great work of my consumer protection division and the consumer financial protection bureau, these defendants will pay for preying on Florida homeowners facing foreclosure.

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“We will use every tool available to investigate, prosecute and prevent mortgage fraud, and we will not rest until anyone preying on vulnerable American homeowners. (USPIS), State of Florida Office.

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