Florida-Based Realty Company to Pay $2.8M to Settle Allegations of Predatory Homeowners Agreements

A Florida-based company agreed to pay $2.8 million to settle allegations it preyed on more than 1,200 struggling New Jersey homeowners, forcing them into “unconscionable” financial agreements, officials with the state Attorney General’s Office said.

The Attorney General’s Office filed a civil lawsuit in 2023 accusing the company of violating the state’s Consumer Fraud Protection Act by making unsolicited telemarketing calls to New Jersey homeowners with financial struggles during the Covid-19 pandemic without being registered as telemarketers and binding homeowners into predatory lending terms, officials said.

Read more at NJ.com