Attorney General Places Boise Real Estate At The Peak Of

Attorney General Places Boise Real Estate At The Peak Of His Agenda

Boise real estate owners are trying to keep their homes and in so doing, seek loan modifications, but that is the top fraud complaint in the state right now. The Idaho attorney general has had a huge spike in the rate of loan modification fraud reports in 2009, as the rates of foreclosures also jumped by over 89% in the same time period. These types of filed complaints made up one fifth of all complaints received by the AG's office this year.

The Attorney General himself has been quoted as saying that the fraud rates are outrageous. "Some of these operators took advantage of desperate homeowners by charging hundreds or even thousands of dollars in upfront fees, while taking no action to modify the mortgage." The Attorney Generals office rapidly sought out and received three settlements and filed two lawsuits on behalf of citizens and victims. Many Boise real estate holders have been left without a plan when it comes to foreclosure because of these types of behaviors.

In order to help many Boise real estate owners receive the loan modifications they were hoping for, the Attorney Generals office even brought in a counselor as a resource. To help out, free foreclosure handbooks were printed up and handed out.

Efforts last year netted the largest amount of restitution ever recovered by the office - $7.4 million, about $12.14 for each taxpayer dollar budgeted for consumer operations, Wasden said. In addition to that, Wasden and company gathered another $5.9 million dollars in civil penalties, fees and fines for the Idaho tax payers, which is the greatest haul to date for that classification. In 2009, the office also recovered $31 million through the tobacco master settlement agreement which was agreed upon in 1998 by the two parties. With a total net to date of $254 million, this agreement has helped Idaho tremendously.

Adding up the amount of money that the consumer affairs division brings in, minus the $833,000 in operations, and you have an excellent ratio for Boise real estate holders and citizens in Idaho in general. The department was very effective in the broad range of topics it worked in last year. Wasden and his staff pursued companies like Eli Lilly and other pharmaceutical groups with the same relentlessness that they went after any smaller offending business. Refusing to be a respecter of monopolies or price fixing criminal groups, Idaho's Attorney General allowed no slack. They even managed to reach an agreement involving a price fixing vitamin company.

Regarding the No Call Law, more than 900,000 phone numbers were registered by year's end and residents report that they're getting fewer unwanted calls. The office also updated its ProtecTeens DVD to protect children from Internet sexual predators and plans to release it soon.

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