October 16, 2003

Lawsuit Alleges Homeowners Scammed

DENVER -- Two law firms are pursuing a class-action lawsuit against a Colorado company they claim used underhanded means to acquire more than 200 homes from people facing foreclosure. The company, EquityLink LLC, offers a financial bailout called HomeSaver to people in danger of losing their homes. "It's not a saver. It's a loser," said John Head, one of the lawyers seeking to represent all Colorado homeowners who joined the program. Posted by Editor at October 16, 2003 10:55 AM