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Colorado AG files suit against alleged deceptive foreclosure rescue schemes

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Three businesses and five people have been sued by Colorado Attorney General John Suthers for allegedly defrauding homeowners through deceptive foreclosure rescue schemes. The civil lawsuits allege that consumers facing foreclosure were approached by the defendants with a proposal to save their homes. The defendants allegedly promised to use the equity in the homes to halt the foreclosures and, in some cases, to make improvements to the property, Suthers said.

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