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Michigan Attorney General Schuette charges two in mortgage scam

LANSING (WKZO) -- Charges have been filed against two Detroit-area men for allegedly cheating homeowners out of several hundred-thousand dollars.

Michigan Attorney General Bill Schuette announced charges against 45-year-old Jeffrey Baker of Detroit and 44-year-old Leroy Yeargin Jr. of Southfield.  The men formed a businesses in February 2010 promising homeowners a modification of their current mortgage in exchange for a fee.

Schuette says the company bilked 272 residents out of approximately 400-thousand dollars before closing their business in October of 2010.  Baker and Yeargin are scheduled to appear in court on July 15th.

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