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Home > Blogs > Ohio politics > Archives > 2009 > June > 25 > Entry
Cordray sues three “predators”
Attorney General Richard Cordray filed suit against three companies that he says are preying on Ohioans facing home foreclosure.
Cordray filed suits against Michael Brotherton, who operates Financial Emergency Inc. in Greene County, and against 21st Century Legal Services in Franklin County and Foreclosure Home Assistance in Cuyahoga County.
“Ohio has zero tolerance for these predators,” Cordray said in a written statement. “They prey on Ohioans who are vulnerable and are seeking answers during desperate times. We issued warnings last month ordering them to stop their illegal practices, but they continued anyway. Now, we will work through the courts to stop them permanently.”
The companies charged consumers $1,500 to $2,600 to help them restructure their home loans and other foreclosure prevention services but didn’t deliver, Cordray said.
The lawsuits allege the companies violated Ohio’s consumer sales practices act and debt adjusters act. Cordray is asking the court to force the companies to reimburse the consumers and assess $25,000 fines for each violation.
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By Ethel S
June 26, 2009 7:33 PM | Link to this
And how about suing Rep. Barney Frank who wants to bring back liberal standards for providing mortgages once again. Haven’t we seen this movie before and not too long ago?