Rise in foreclosure scams

Amounted to false promises to help borrowers, the exception in their home - perhaps perpetrated by some of the same people who claim losses to start - seems to be the rule rather Prosecutor General Assembly Monday, officials said.

The state filed two cases against the exclusion of redemption "told that the company has promised to help borrowers restructure ipotecheMa lake pocketed without charge, then, the lawyer GRobert E. Cooper ENERAL Jrdijo in a keynote speech at the governor in 2008 Housing Summit in Nashville.


A group of Tennessee, including the Office of the Attorney General and the Department of consumers said that the increase in the State of mortgages hit the face of a wave of deception designed to require borrowers to combat despair.

A company that has been demandehaque the end of October, including his own Protection Agency calledt Tennessee Housing, a name that says Cooper was for his Tennessee as a development agency for housing, an agency that helps connect non-profit housing with consulting the debt.

Mark Jones, Tennessee Housing Agency for the Protection of the Executive Director, denied the allegations and said that his aziendalavorando to settle the dispute.

Cooper's speech was, Mette warn of increased Prevalence in the plans for the  People who have been damage caused by the economic downturn. Most mortgages in the state have the burden on working families "white helmets", or live in their property, not Real Estate Investors, or "Flipper" Betting on the rapid growth in home values, an advantage that the Attorney General, he said.

"These are people who méritentune opportunity to speak with the owner of the first mutual cer is too late and often need help to understand theirre opportunities and obligations, "said Cooper." What we do not deserve a loan or a mortgage fraud rescue on the last dollar and doing nothing. "

AG asks for help

Cooper cited two cases, Tennessee agency for the protection of habitats and a second complaint last month against a company named Patrick Patrick mitigating losses and services - as evidence of these systems are available. (For the Secretary left Monday with Patrick and Patrick was not returned.)

Both companies have their headquarters in Memphis, where graduation rates were among the highest in Tennessee. However, officials believe that similar measures were in Nashville and elsewhere in the state forsedalle people who have negotiated or predatory subprime loans before the real estate bubble the air.

"They are leaders in their communities and in the field of Gehäusegi & Real Estate Finance," Cooper said in the meeting, about 350  Government representatives met for a lunch address at the Renaissance Nashville Hotel.

"When you close to those whose guilt has contributed to the crisis and find predators in the community, I hope that the relevant expertise in relation to the group members."

Cooper, the owner of struggling Tennessee in contact with the agency for development in the construction einerbitativa to help find a lawyer free of charge.

The owners suspect that a program of counseling mortgage is illegitimate should contact the Department of consumers, "he said.

"If the activity is underway saperese we want, we will be able to act," said ANISATIONS