Thursday, June 30, 2011

Ohio sues three foreclosure rescue firms - Dayton Business Journal:

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Cordray’s office said Thursday that it filed lawsuitsagains , LLC and Michael who does business as in the Daytohn area. The state is looking to shut down the operationsin Ohio. The suit against 21st Centurhy Legal Services alleges it promisex to help homeowners restructure loans for a fee ofbetween $1,5009 and $2,600. The company, Cordray’sw office said, told customers to stop making payments on theirt home loans with the expectatiojn that the firm would take care ofthe rest. The statee outlines similar claims against the other two firmebeing sued.
Cordray’s office said it has issued 23 cease-and-desist noticesz to 21st Centuryand Cleveland-based Foreclosure Home Assistance since May. It’s charging each company with a violation of state consumer law and the DebtAdjuster Act, seeking reimbursement for customers and looking to levy a $25,00o penalty for each violation of states law. The state didn’t outline the extent of the complaintsz it received on the A representativefor Cordray’s office wasn’t immediately available to A message seeking comment was left with 21st Centuru Thursday afternoon. Contact informatioh for Foreclosure Assistance andBrothertonh wasn’t available.

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