Friend -- Can you get much lower than preying on individuals facing foreclosure?

Last week, my office put a real estate company out of business after it tried to illegally scam Washingtonians facing foreclosure.

Kirkland- and Portland-based Real Estate Investment Network, LLC (REIN) tried to rip off foreclosed homeowners out of equity amounting to tens of thousands of dollars in surplus funds after sales. REIN approached 35 consumers as part of their deceptive scheme, and they had unlawful contracts with 16 of these consumers. REIN tried to charge a Buckley farmer $90,000 in unlawful fees.

REIN just entered into a legally binding agreement to dissolve. In addition, the company's principals will pay up to $85,000 for their conduct.

Under no circumstances should any consumer in Washington be taken advantage of by a company. That's why I'm fighting as your Attorney General to enforce the Consumer Protection Act and hold powerful interests accountable.

Foreclosure is stressful enough without scammers taking money rightfully owed to homeowners. My office will continue to be a watchdog for these consumers and for every injustice committed against Washingtonians.

Best,
Bob


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