Amen. I've been one of the biggest critic of the Indiana Attorney General for failing to go after mortgage fraud and for his office being a weak link in the state real estate regulatory chain. It appears that new Attorney General Greg Zoeller has decided to divert from his predecessor Steve Carter and to make this a priority in his office.
“We recognize there is a foreclosure crisis in the country," Zoeller said in a news release. "Indiana has the tools in place that can help consumers avoid becoming victims of for-profit foreclosure consultants’ bad intentions."
In this climate, these foreclosure assistance firms are preying on the vulnerable and violating Indiana's laws in the process. There have been occasions when these shysters con people into signing a quit claim deed transferring title to their home under the claim by the shyster that such a deed needs to be signed in order to get a loan against the home.
Hopefully Attorney General Greg Zoeller will also make mortgage fraud a priority. Right now people involved in mortgage fraud have little to fear. Prosecutors rarely have the ability or the resources to go after mortgage fraud, which fraud often involves a complex real estate transaction far outside the knowledge of a typical deputy prosecutor. The Attorney General's Office could and should step in and fill this void.
Indiana has been Dodge City when it comes to mortgage fraud. It appears there may be a Sheriff in town. Let's hope so.