For Immediate Release
Media Contact: Bob Cooper
(208) 334-4112

Date: October 23, 2008

Wasden Publishes Handbook on Mortgage Fraud and Foreclosure

(Boise) – A new manual to help Idaho consumers avoid mortgage fraud and foreclosure is now available from Attorney General Lawrence Wasden’s office. The publication, titled Mortgage Fraud and Foreclosure, is free.

The manual includes information about mortgage fraud, foreclosure rescue schemes, and foreclosure prevention. It also describes consumers’ rights and remedies under related laws, such as the Real Estate Settlement Procedures Act and the Home Ownership Equity Protection Act, and provides contact information for a variety of mortgage-related resources for consumers.

“Idaho has certainly not been immune from the nationwide mortgage problems, and we have seen far too many foreclosures in our state,” Attorney General Wasden said. “We’ve also seen a number of deceptive mortgage rescue scams that offer false hope in order to cheat Idahoans out of their homes. We’ve written this booklet to help Idahoans avoid these scams, take appropriate steps to avoid foreclosure and stay in their homes. I’d like to acknowledge and thank the Department of Finance for its valuable input and contribution in the preparation of this manual.”

Idahoans can read or print Mortgage Fraud and Foreclosure (Fraude hipotecario y ejecución hipotecaria en español), pick up a copy from the Attorney General’s Consumer Protection Division at 954 W. Jefferson in Boise or request a copy by mail by calling (208) 334–2424 or, outside the Boise toll–free calling area, (800) 432–3545.

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