Released: September 11, 2007

BBB warns of shady foreclosure rescue firms

Source: Herb Weissbaum, MSNBC

Kent and Kimberly Leser had a lousy weekend. They moved their three children and the last of their belongings out of their house and into the home of Kent’s parents. The Leser family lost their $135,000 house in Cookeville, Tenn., because they couldn’t make the mortgage payments and turned to the wrong people for help.

Kent, who doesn’t have health insurance, got sick last December. The hospital bill came to more than $38,000. He used the family savings to keep his commercial cleaning company going while he recuperated.

“I made good money,” Kent told me. “We just got so far behind that all the money in the world didn’t seem to help.”

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