Property foreclosure scam bill gets Illinois senate's approval

Legislation would protect homeowners facing foreclosure

Inman News

Legislation meant to protect struggling homeowners from crooks who promise financial help was approved Monday by Illinois lawmakers, Associated Press reported.

The measure is meant to ensure that consumers struggling with mortgage payments don't fall victim to so-called "mortgage rescuers" - con artists who promise to rescue homeowners from foreclosure, reports said.

In such scams, the "rescuers" do little for the money and sometimes strip the home of its equity, leaving the owner in even worse financial shape.

The act would require consultants to detail in writing what

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