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Chicago Mortgage Fraud Scam |
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Thursday, 01 March 2007 |
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State sues mortgage companies in homeowners scam
Three Chicago businesses promised to rescue more than a dozen struggling homeowners since 2003, then scammed them out of tens of thousands of dollars in home equity, state Atty. Gen. Lisa Madigan said in a lawsuit filed Wednesday. The firms--Eyes Have Not Seen Inc.; Creative Financial Solutions; and Mutual Trust Funding, formerly known as Greater Investment Solutions--lured victims by offering to help make mortgage payments, according to the suit, filed in Cook County Circuit Court. The companies then ran a scam that involved persuading the homeowners to put their homes in someone else's name, the lawsuit alleges.
State sues mortgage companies in homeowners scam
March 1, 2007
Three Chicago businesses promised to rescue more than a dozen struggling homeowners since 2003, then scammed them out of tens of thousands of dollars in home equity, state Atty. Gen. Lisa Madigan said in a lawsuit filed Wednesday.
The firms--Eyes Have Not Seen Inc.; Creative Financial Solutions; and Mutual Trust Funding, formerly known as Greater Investment Solutions--lured victims by offering to help make mortgage payments, according to the suit, filed in Cook County Circuit Court. The companies then ran a scam that involved persuading the homeowners to put their homes in someone else's name, the lawsuit alleges.
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