search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom
South Florida

Florida Passes Foreclosure Fraud Bill

Sign Up for the undefined Newsletter

Fraudulent offers to save homes from foreclosure will soon face greater penalties after the Florida state Senate passed a bill requiring more transparency for the foreclosure rescue business. Gov. Charlie Crist is expected to sign it. The new law requires rescue companies to provide disclosures in contracts, including the fact that a homeowner may be selling his or her property. The attorney general has received 1,800 complaints about mortgage and foreclosure fraud in recent years, and is investigating four companies.