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Pennsylvania AG Corbett Urges Consumers to File Foreclosure Complaints

NationalMortgageProfessional.com
Oct 07, 2010

Pennsylvania Attorney General Tom Corbett has urged Pennsylvania homeowners to file complaints concerning questionable mortgage foreclosures as part of an ongoing investigation by the Attorney General's Bureau of Consumer Protection. "Pennsylvania residents who believe they are the victims of improper foreclosures should call the Attorney General's toll-free Consumer Protection Hotline, at 1-800-441-2555, as soon as possible in order to file formal complaints," Attorney General Corbett said. "We are working to identify whether our Consumer Protection Laws were violated by lenders or mortgage servicing companies that may have failed to follow proper procedures regarding foreclosures." Corbett explained that the Pennsylvania investigation was triggered by allegations about potentially flawed foreclosure practices involving numerous financial institutions across the country. Corbett said the Attorney General's Office is in communication with other state agencies concerning possible foreclosure-related problems in Pennsylvania, including the Pennsylvania Department of Banking, along with other Attorneys General who are conducting similar reviews of foreclosure practices in their states. In addition to filing a complaint with the Attorney General's Bureau of Consumer Protection, Corbett also recommended that homeowners who have received foreclosure notices should contact the Pennsylvania Housing Finance Agency (PHFA) for information about emergency mortgage assistance, foreclosure mitigation counseling and other services that may be available. Corbett noted that the Attorney General's Office has placed a major emphasis on foreclosure-related investigations, which have resulted in numerous legal actions, including: ►More than $150 million in relief for Pennsylvania homeowners as part of a settlement with Countrywide Financial Corporation. ►$10.7 million returned to Pennsylvania consumers as part of a predatory lending investigation involving Ameriquest Mortgage Company. ►A $2.3 million consumer protection judgment in a Pittsburgh area real estate and mortgage fraud case. ►Civil lawsuits against nine individuals accused of participating in a $40 million mortgage investment "Ponzi" scheme. ►Consumer protection lawsuits against deceptive "mortgage rescue" businesses. For more information, visit www.attorneygeneral.gov.
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