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Victims Of Foreclosure Scam To See Some Monetary Relief

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DETROIT (WWJ/AP) – More than 112 victims of a foreclosure rescue scam in Michigan will be helped after the state attorney general’s office prosecuted a company for making misleading or false statements to homeowners.

Then-Attorney General Mike Cox charged Help4Homeowners in Oakland County, and the group was convicted of three counts of violating Michigan’s credit services law.

Attorney General Bill Schuette says about $115,000 will come from a state fund to victims who paid between $595 and $3,000 to Hope4Homeowners.

“Homeownership is a fundamental part of the American dream,” Schuette said. “We will continue to aggressively investigate allegations of criminal misconduct by mortgage foreclosure scammers and advocate for Michigan families.”

Last August, Schuette announced the launch of a $7.5 million victim compensation fund with money that Michigan received from the National Mortgage Settlement. That agreement resolved accusations that five mortgage servicers routinely signed foreclosure-related documents without proper verification.

People who may have been victims of Help4Homeowners should call the state at 877-765-8388.

TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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