State Sues Mortgage Rescue Companies For Not Rescuing

Illinois Attorney General Lisa Madigan filed lawsuits against four Chicago area companies and attorneys alleging that they illegally charged consumers for fraudulent mortgage rescue or loan modification services that were little if any help to those seeking foreclosure help, the Chicago Sun-Times reported on September 28, 2011. Companies named as defendants in the lawsuits filed in Cook County Circuit Court included ZeTrust Legal Services in Chicago, Legal Modification Network LLC in Woodridge, Loan Litigators International LLC, now out of business after being based in Lombard, and Exelpol Management & Consulting Inc., a dissolved corporation that operated out of Schaumburg.

The Sun-Times also reported that Cook County State's Attorney Anita Alvarez's office filed a similar lawsuit against an Arlington Heights-based loan modification and debt settlement company, Legal Housing and Debt Advisor LLC. "The new twist on this scam is that these predators are really using lawyers as a front so that they can conceivably get around the law and collect the upfront money," Madigan said, according to WBEZ-FM. She noted that in reality the attorneys performed no legal services for the homeowners.

Our Chicago bankruptcy attorneys will make any bank trying to foreclose on your home prove that they have the right to do so. If we are unable to get the bank to accept a proposal for a loan modification program, our Chicago bankruptcy lawyers can always help you stay in your home by assisting in filing for Chapter 7 or Chapter 13 bankruptcy. Were you a victim of a mortgage rescue or loan modification scam? Are there other businesses or institutions you believe should be facing lawsuits?

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