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State and Federal Authorities Take Aim at Foreclosure Relief Scammers

Indiana Attorney General Greg Zoeller filed lawsuits against seven companies Wednesday for operating fraudulent mortgage rescue or loan modification schemes.

Zoeller says they scammed consumers out of more than $14,000 in large upfront fees but did nothing to help them stay in their homes and avoid foreclosure.

The lawsuits are part of a joint federal-state sweep by the Consumer Financial Protection Bureau, The Federal Trade Commission and 14 other states targeting scam operations that prey on delinquent homeowners or those facing foreclosures.

Zoeller says the mortgage rescue scams target struggling homeowners and give them false hope that they can save their home with just an upfront fee.