make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

NC attorney general sues foreclosure firms

CHARLOTTE -- North Carolina's attorney general has sued three companies that advertise help for homeowners facing foreclosure. The Charlotte Observer reported Friday that the lawsuits were filed earlier in the week against the Charlotte-area firms, contending they charged high fees. The lawsuits seek refunds for customers. The firms sued in Wake County Superior Court were American Mortgage Assistance in Fort Mill, S.C.; Home Assure and Metrolina Mortgage Relief of Charlotte. A law passed in 2005 forbids foreclosure assistance businesses from collecting fees up front. Michael Grieco of Home Assure said his company doesn't charge customers in advance and has helped more than 1,000 people. He said his firm collected fees from less than 10 percent of the customers. (Copyright 2008 by The Associated Press. All Rights Reserved.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.



The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
Please re-enter the code shown in the image below.