There was a company that helped struggling homeowners by going after predatory lenders in federal court. The company was beginning to see significant results for hundreds of homeowners when the State took control of it.
They cited five charges that they later dropped (admits there were no laws broken) but still retain control of the company claiming they "feel" there was fraud. The receivership shut down all incoming revenues, vendor relationships, homeowner and lawyer access to the system. Now the receivership claims they must sell off all assets to pay for themselves (how convenient). I believe they really shut it down for political reasons
(the State settled with the banks for a mere 500K, which was really paid out by TARP1).
CBS covered this story without investigating, meaning they aired whatever the State supplied. I would love to show the truth about how bad the mainstream media did. The true story is that it's the homeowner who lost. They will continue to lose until a service like this is available to them. Is it legal for them to shut the company down, even after admitting there were no laws broken?
Monday, March 2, 2009
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