| Foreclosure Rescue Scams |
| Tuesday, 14 August 2007 | |
|
In a recent Press Release Ohio Attorney General Marc Dann announced the filing of lawsuits against 6 different companies for preying on Ohioans with false promises of saving their homes from foreclosure.
According to the Attorney General, the basic elements of the scam involve a company contacting a homeowner facing foreclosure by phone or by showing up at their door and promising to stop the foreclosure process for a fee. The homeowner then, in a desperate, last ditch effort to save their home, succumbs to the false promises made by the company and hands over money they cannot afford to lose. The foreclosure rescue then pockets the funds and eventually the home is foreclosed upon, leaving the homeowner with little besides broken promises and broken dreams.
American Housing Authority, Inc.- 3857 Birch Street, Suite 611 Newport Beach, California To view the Press Release in its' entirety, please click here.
#### Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 425 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico. |

