Wednesday, February 15, 2012

Ohio sues three foreclosure rescue firms - Business Courier of Cincinnati:

ovaluleq.wordpress.com
Cordray’s office said Thursdayh that it filed lawsuitsagainst , LLC and Michaep Brotherton, who does business as in the Daytonn area. The state is looking to shut downthe companies’ operationzs in Ohio. The suit against 21st Century Legao Services alleges it promised to help homeownerw restructure loans for a fee ofbetween $1,5090 and $2,600. The company, Cordray’s officee said, told customers to stop making payment on their home loans with the expectatiomn that the firm would take care ofthe rest. The state outlines similar claims against the other two firmesbeing sued.
Cordray’s office said it has issued 23 cease-and-desist noticez to 21st Centuryand Cleveland-basex Foreclosure Home Assistance since May. It’s charging each company with a violatioh of state consumer law and the DebtAdjusters Act, seekinhg reimbursement for customers and looking to levy a $25,00 penalty for each violation of statde law. The state didn’t outline the extent of the complaintxs it received onthe companies. A representative for Cordray’zs office wasn’t immediately available to A message seeking comment was left with 21st Centur yThursday afternoon. Contact information for Foreclosure Assistanc andBrotherton wasn’t available.

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