Loan Workout | Home Foreclosure Prevention

New Bill Protects Homeowners from Foreclosure & Loan Workout Scams

Tuesday, December 23rd, 2008

Texas Attorney General Greg Abbott and state Sen. Craig Estes are proposing legislation that is meant to protect homeowners from foreclosure loan workout scams. The Foreclosure Rescue Fraud Prevention Act would require foreclosure prevention consultants to provide customers a written, plain language contract outlining their services agreement. It would also require that the consultants obtain [...]