Industry News

Texas halts bogus foreclosure rescue service

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Texas Attorney General Greg Abbott has won a temporary restraining order and asset freeze to stop a Houston woman from unlawfully exploiting distressed homeowners, some of them elderly, who now face foreclosure and eviction. The action alleges that Bobbie Heckard fraudulently took possession of the home of an 85-year-old Houston man under the guise of helping the homeowner prevent foreclosure. The man allegedly was led to believe he was only allowing Heckard to consult with his mortgage company, but the transaction allowed her to take ownership of his home. "This is an alarming trend we are beginning to see in Texas, and I caution every homeowner to be wary of solicitations for foreclosure relief," said Attorney General Abbott. The order also cites Heckard's associate, Christopher Henderson, to whom she allegedly transferred ownership of the property after the Attorney General's office contacted her about its investigation. Henderson promptly established a $67,000 mortgage ...