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Madigan Files Two More Lawsuits Against Mortgage Rescue Fraud Schemes
Attorney General Lisa Madigan has filed two more lawsuits against mortgage rescue fraud schemes.

Madigan is seeking temporary restraining orders to immediately stop the defendants from providing mortgage rescue services.

Speaking in Washington, D.C. on Monday, Madigan discussed a coordinated effort by federal and state authorities to protect at-risk homeowners from mortgage foreclosure rescue fraud.

"Struggling homeowners need to know that free help is available," Madigan said. "We have repeatedly found that these operations are swindling desperate homeowners out of money they can't afford to lose. The lawsuits I have filed prove they don't provide any help. They don't call your lender, they don't modify your loan, and they don't represent you in court if you're in foreclosure. All they do is take your money."

With the new filings, Madigan has brought lawsuits against 24 mortgage rescue fraud schemes. Of those, the Attorney General, to date, has received judgments in nine cases, recovering over $1.8 million in restitution for home owners.

The Attorney General urged homeowners to reach out to trusted sources for assistance. To prevent homeowners in crisis from losing their homes to foreclosure, Madigan urged them to immediately contact her Homeowner Helpline at 1-866-544-7151 for guidance on avoiding mortgage foreclosure.

(Illinois Radio Network)
04 06 09 by Newsroom
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