New Jersey AG prosecutes mortgage frauds

TRENTON, N.J. (AP) - March 12, 2009 The allegations include charging high fees to homeowners trying to stave off foreclosure and luring people to buy properties under false terms.

Two suits charge two separate companies with purporting to be affiliated with a federally approved anti-foreclosure program.

A third suit charges a disbarred lawyer and his son with perpetuating a complicated land-buying scheme in which they were the only ones making money.

Attorney General Anne Milgram announced the prosecutions Thursday.

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