You’re getting a lot of attempts at committing mortgage fraud these days because the stakes are huge and the odds of getting caught are small.
The odds of getting caught are not low because of lack of attention from California’s Attorney General, who’s made prosecuting mortgage fraud a crusade.
CNN reports: The California attorney general is suing “a ring” of lawyers for allegedly defrauding at least 2,500 homeowners out of millions of dollars, a scam that was supposed to provide relief on their troubled mortgages, she said Thursday.
The civil suit filed by the state’s top attorney names three law firms, three other lawyers and 14 other defendants. They are accused of sending 2 million deceptive pieces of mail in California and at least 17 other states and using misleading advertising and telemarketing practices to entice desperate homeowners to believe that they could sue mortgage lenders and stop foreclosures, Attorney General Kamala Harris said.