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.

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South Decatur Elementary School has introduced a new fundraising program called My School Color Run. The My School Color Run program aims to go beyond traditional fundraising. Rather than sell goods, the program aims to engage the entire student body in a fitness initiative that aims to instill a life-long healthy way of living. On Sept. 3, at 9 a.m., the students, staff, and community of South Decatur Elementary School will walk, jog, and run their way toward a healthier life while raising funds for the PTO’s Playground Revitalization Project. The color run will be held at South Decatur Jr-Sr High School, and will be open to the public. This is an untimed fun run. Participants will pass through four color stations throughout the course and end with a massive color toss at the My Color Run Post-Race Party. Participants will be treated to refreshments, music, and fun following the run. Interested participants of all ages can register by visiting www.SouthDecaturMSCR.eventbrite.com, or by completing a paper registration form prior to the event. Registration is $25 for adults 13 and older, and $20 for kids 12 and under. A family of five gets a discount at $20 per person. Pre-registration is[...]