Proctor v. Metropolitan Money Store Corp., No. 07-1957 (D. Md. August 2009)
Plaintiffs, who were homeowners facing foreclosure, filed suit in the United States District Court for the District of Maryland, against numerous legal entities alleging that the entities were involved in a mortgage foreclosure rescue scam. Specifically, the homeowners alleged that the Defendants made fraudulent representations and transactions under the guise of credit repair and foreclosure avoidance. The foreclosure rescue scam involved the sale and leaseback of the Plaintiffs' properties from which Defendants would siphon off and transfer illegal equity.
Plaintiffs, who were homeowners facing foreclosure, filed suit in the United States District Court for the District of Maryland, against numerous legal entities alleging that the entities were involved in a mortgage foreclosure rescue scam. Specifically, the homeowners alleged that the Defendants made fraudulent representations and transactions under the guise of credit repair and foreclosure avoidance. The foreclosure rescue scam involved the sale and leaseback of the Plaintiffs' properties from which Defendants would siphon off and transfer illegal equity.