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Surety Bond 4 Foreclosure Consultants Protect Consumers

The attorney general’s office in Indiana has investigated over 140 companies acting as foreclosure consultants. The most recent suit filed by the AG was filed against a California Corporation. The attorney general’s homeowner protection office said the company did not have the $25,000 surety bond it needed to do business in Indiana. The purpose of the bond is to provide a remedy for consumers who are victimized by foreclosure consultants. Consumers would be wise to check with the state office that licenses foreclosure consultants in that particular state to make sure they are compliance before giving up any hard earned money.

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