Rick Sharga: Is this the end of the housing recovery?

Rick Sharga: Is this the end of the housing recovery?

Maybe it wasn’t the snow after all

Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"

Unemployment down almost half from this week last year

At lowest level since December 2007
W S

Safeguard Properties seeks dismissal of Illinois lawsuit

file cabinent
/ Print / Reprints /
| Share More
/ Text Size+

According to the Chicago Tribune, Safeguard Properties has asked a Cook County Circuit Court judge to dismiss a lawsuit filed against the property maintenance firm by the state of Illinois. The paper writes:

The Illinois Attorney General's office sued Safeguard in September, alleging that the nation’s largest privately held firm that maintains foreclosed homes violated state consumer fraud laws. The suit charged that Safeguard, and firms subcontracted by it, illegally broke into the occupied homes of people behind on their mortgage payments or in foreclosure, locked them out, removed their belongings and wrongly told homeowners and renters that they could not remain in those homes during the foreclosure process.

The  Valley View, Ohio-based company said that there were not enough facts alleged in the suit to bar Safeguard from operating in Illinois, as the lawsuit seeks, and to do so would be a "draconian remedy under Illinois law."

Source: Chicago Tribune
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus