Some Hoosier Fraud Victims Reimbursed

May 6, 2014
By

Some Hoosiers that fell victim to a foreclosure-rescue fraud started receiving payments from the state’s Consumer Protection Assistance Fund (CPAF).

The Indiana Attorney General’s Office, who administers the fund, said consumers’ losses ranged from $595 to $3,500 and totaled more than $40,880. Affected consumers will receive more than $32,940 in total payments with each person receiving an amount equal to their loss.

“The Consumer Protection Assistance Fund provides relief for consumers who are victims of fraud and assist my office in bringing legal actions against those that prey on consumers,” Indiana Attorney General Greg Zoeller said. “Thanks to state lawmakers’ efforts in creating the fund, it continues to give victims who are facing difficult times the means to recover some or all of their losses.”

Foreclosure-rescue fraud targets homeowners who are late on their mortgage payments or are already in foreclosure. Foreclosure consultants charge customers exorbitant upfront fees in exchange for assistance in reducing monthly payments or stopping foreclosure. Most often, desperate homeowners pay the fees and don’t receive the promised services or a refund.

Zoeller said default judgments against these types of companies do not often result in the victims receiving any payments for their financial losses. In order to help those who reported these types of violators to the state, the 2011 Indiana General Assembly passed legislation creating the CPAF. The funds originate from monies recovered from companies sued by the attorney general for violating consumer protection laws.

In 2013, the attorney general’s office filed 41 lawsuits against foreclosure consultants. Zoeller said homeowners who are facing foreclosure should contact the Indiana Foreclosure Prevention Network at 1-877-GET-HOPE.

Listen Live

Upcoming Events

Jul
20
Sun
all-day Ripley County 4-H Fair
Ripley County 4-H Fair
Jul 20 – Jul 26 all-day
Farm animals, 4-H exhibits, rides, commercial vendors and grandstand events, Ripley County Fairground, 525 West Beech St., Osgood.  Contact Shanna Joseph (812)689-6535 or ripleycopark@comcast.net,  www.ripleycounty.com/parks/4hfair.html .
all-day Ripley County Fair – Ripley Coun... @ Ripley County Department Of Parks & Recreation
Ripley County Fair – Ripley Coun... @ Ripley County Department Of Parks & Recreation
Jul 20 – Jul 26 all-day
Fair booth is open to Chamber Members.
Jul
25
Fri
all-day 27th Annual RUMMAGE SALE Sponsor...
27th Annual RUMMAGE SALE Sponsor...
Jul 25 all-day
Friday July 25th -9AM – 6PM Saturday July 26th 9AM-3PM Sunday July 27th 8AM-1PM Friday – Prices as marked Saturday – All clothing and miscellaneous will be 1/2 price! Sunday – Whatever will fit in a grocery bag will be $2.00   Donated Items Accepted: Monday July 21st through Wednesday July 23rd 8AM-8PM   For More Info Call 934-3013 or 934-5764

View Calendar