Owners of Foreclosure Homes and Handyman Special Houses Warned

The Indiana Attorney General has recently warned property owners facing possible foreclosures, including owners of handyman special houses, to be very careful when dealing with so-called foreclosure consultants or foreclosure rescue companies. According to AG Gregory Zoeller, despite his office's efforts to stop these firms, there are still a big number of state homeowners who fell to these companies' schemes.

With the number of foreclosures continuing to rise in most areas of the state, including foreclosed homes for sale in Anderson, IN, local analysts stated that companies claiming to be foreclosure rescue businesses are making life worse for troubled homeowners. Recently, Zoeller filed more lawsuits against such firms, relying on the recently approved state rules to get the companies out of business.

The number of questionable rescue companies continued to increase as the number of Indiana foreclosure homes rises. In an effort to address this problem, authorities have passed a state law requiring for-profit rescue companies to provide a bond worth $25,000 with the attorney general before they will be allowed to operate in the state.

The law aims to provide more protection to all homeowners facing foreclosures, including owners of handyman special houses. The latest lawsuits filed by Zoeller are the first to be filed since the law has been implemented. So far, the attorney general has submitted a total of 22 lawsuits against foreclosure rescue businesses in 2010.

As foreclosure rates continue to pose problems and fewer people are willing to purchase foreclosure houses at the current state of the market, authorities are trying to weed out factors that add to the burden of homeowners in the state. According to local reports, over 150 more of these rescue firms are currently under investigation following complaints from local homeowners.

Some of the lawsuits filed by Zoeller's office are pending, while others have reportedly settled which resulted in some homeowners getting some of their money back. The most recent lawsuits filed by the attorney general's office were against Foreclosure Relief Services National of Indianapolis and Home Loan Modification of San Diego. These companies were reportedly sued for failing to pay the required bond and for violation of consumer laws meant to protect foreclosed property owners, including owners of handyman special houses.

Owners of Foreclosure Homes and Handyman Special Houses Warned on Foreclosure-Support.com.