Florida’s Attorney General Bill McCollum has sued a South Florida-based foreclosure rescue company, alleging the firm defrauded dozens of homeowners. McCollum is now seeking legislation to strength protections for those facing foreclosure.

The civil suit, filed in Broward County Circuit Court, charges that the firm and multiple affiliates violated the state’s deceptive and unfair trade laws. The suit claims the foreclosure rescue firm or its affiliates defrauded at least 80 homeowners of about $1.7 million in home equity.

According to the filings, the company offered to hold the homeowners’ property titles for a year, and refinance the debt while allowing the homeowners to stay in their houses. But in many cases the rescue firm would sell the home to an investor or straw buyer who would lease the home back to the homeowner at an inflated rental rate, the suit contends.

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