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Real Estate & Property Law

: The Home Equity Theft Reporter

Illinois AG Targets Pair Of Mortgage Brokerages For Alleged Use Of Deceptive Marketing Practices In Peddling Reverse Mortgages To Seniors

By r morris

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From the Office of the Illinois Attorney General:Attorney General Lisa Madigan [...] filed lawsuits against two mortgage brokers for using unfair and deceptive marketing practices to solicit seniors for reverse mortgages. ?These companies used extremely misleading language in their advertising, sometimes even disguising their loans as government benefits that borrowers don?t have to repay,?

Full post as published by The Home Equity Theft Reporter on February 10, 2010 (boomark / email).

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