Florida Attorney General Sues 3 Companies in Foreclosure Rescue Scheme

by Isaac Benmergui, Esq on August 9, 2013

Bank frontThe Florida Attorney General’s Office recently sued three Broward County companies, Florida Housing Council, LLP; Equity Investment Capital Management, Inc.; Star Enterprises, LLC and their owners, Jack Moussa and Rose Moussa, for an alleged foreclosure rescue scheme. According to the suit, the owners used their companies to defraud homeowners in the foreclosure process out of hundreds of thousands of dollars in home equity.

Florida Housing Council allegedly sent homeowners in the foreclosure process an advertising mailer telling them to contact the company immediately to avoid foreclosure. Company representatives would then persuade homeowners to sign documents, including trust agreements and deeds, which conveyed the title of their property to trusts controlled by Florida Housing Council. To sign the trust agreements the homeowners were often charged fees without receiving any actual services. The lawsuit also states that Jack Moussa sometimes misrepresented to the homeowners that Florida Housing Council was a government entity.

After the deeds were transferred, Florida Housing Council allegedly chargee the homeowners rent, and if not paid, homeowners would be evicted. A minimum of 38 Florida homeowners were taken advantage of and hundreds of thousands of dollars in homeowner equity was lost.

The Attorney General Office urges any homeowner that dealt with the companies to contact their office.

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The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

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