TALLAHASSEE (CBSMiami/AP) — A Broward company which allegedly preyed on homeowners in danger of losing their homes is being sued by the state.
On Wednesday, state Attorney General Pam Bondi’s office filed a lawsuit against Nicholas Torgerson and two companies Whitestone Capital Trust LLC and Become the Bank LLC.
The lawsuit contends that the company violated the state’s consumer protection laws by charging homeowners up-front fees and by falsely misrepresenting that the defendants would cancel or void the homeowners’ mortgage.
Bondi’s office, however, alleged that the company allegedly acquired titles to the distressed owners’ homes and pocketed the advance fees without providing any help. The homeowners remained liable for the mortgage payments.
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