Monday, August 4, 2008

Texas AG takes on a mediation foreclosure firm

While I've been an advocate of mediation to help with the foreclosure and subprime mortgage mess, I also want to advocate that mediators do so ethically.

KWTX television reported that Attorney General Greg Abbott filed a suit seeking injunctive relief against an outfit called "Abell Mediation, Inc." According to the AG, AMI made fraudulent advertisements to the effect that it could save homeowners from imminent foreclosure. Here's a copy of the AG's lawsuit. The lawsuit alleges that AMI made promises it could not keep, such as it could save homeowners from imminent foreclosure. An agreed temporary injunction was signed by the court on January 28, 2008.

According to the District Clerk's website, the Court entered an agreed order on June 5, 2008, continuing the trial date.

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