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Legal News Articles - Real EstateMajor Banks Hit by New Round of Foreclosure Lawsuits December 14, 2011. By Charles Benson.Boston, MA: State officials from Massachusetts have targeted the nation's five largest mortgage servicers with foreclosure lawsuits for allegedly pursuing illegal practices and misleading troubled borrowers, according to the Los Angeles Times.
Read [ Major Banks Hit by New Round of Foreclosure Lawsuits ]
MassMutual Files UBS Lawsuit over Allegations of Hiding Risks May 19, 2011. By Charles Benson.New York, NY: Massachusetts Mutual Life Insurance Co. has filed a UBS lawsuit accusing the bank and three others of hiding risks on millions of dollars worth of mortgage-related debt it purchased, Reuters reports.
Read [ MassMutual Files UBS Lawsuit over Allegations of Hiding Risks ]
Deutsche Bank Hit with Mortgage Lawsuit
May 13, 2011. By Charles Benson.
Los Angeles, CA: The Los Angeles city attorney recently filed a mortgage lawsuit against Deutsche Bank AG, claiming it was responsible for allowing a number of foreclosed properties to fall into disrepair.
Read [ Deutsche Bank Hit with Mortgage Lawsuit ]
National City Bank Gone But Not Forgotten by Aggrieved Mortgage Holders April 8, 2011. By Brenda Craig.Alexandria, VA: It's a bit complicated, but what National City Bank did in 2008 at the height of the banking crisis had disastrous consequences for hundreds of mortgage holders.
Read [ National City Bank Gone But Not Forgotten by Aggrieved Mortgage Holders ]
Attorney Chases Justice in Foreclosure Crisis February 3, 2011. By Brenda Craig. Philadelphia, PA: Got to hand it to attorney John Narkin. He's got this foreclosure crisis thing figured out—well, near as anyone can figure it out. The 113-page class-action suit on behalf of distressed homeowners filed by Narkin's firm, BHN Law in Philly, lays out the whole sorry story in amazing detail, complete with links to video clips.
Read [ Attorney Chases Justice in Foreclosure Crisis ]
Chase Wrongly Overcharged and Foreclosed on Military Mortgages January 19, 2011. By Lucy Campbell.New York, NY: JP Morgan Chase has admitted in a report aired by NBC News, that they have "overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan." Furthermore, the bank actually foreclosed, improperly, on the homes of several military families.
Read [ Chase Wrongly Overcharged and Foreclosed on Military Mortgages ]
Maryland Nonprofit Group Files Housing Lawsuit November 30, 2010. By Charles Benson.Baltimore, MD: A nonprofit group in Baltimore, Maryland, that promotes equal housing opportunities has filed a discrimination lawsuit claiming an apartment complex in the state offered fewer available apartments to black tenants, the Baltimore Sun reports.
Read [ Maryland Nonprofit Group Files Housing Lawsuit ]
Attorney Blasts Foreclosure Process in Florida November 24, 2010. By Brenda Craig.Jacksonville, FL: Florida attorney Chip Parker says he is "appalled" by the way the fundamental rules of law are being bent, twisted and even ignored in order to ram foreclosures through the courts at lightning speed. "One day you could be the victim of an auto accident, or accused of a crime—there could be a number of reasons why you find you need access to the legal system," says Parker from Parker & DuFresne in Jacksonville. "If the rules of law are capable of being bent during this foreclosure crisis—then it means the rule of law can be bent at anytime!"
Read [ Attorney Blasts Foreclosure Process in Florida ]
Everybody Deserves Due Process Says Attorney Gary Mason November 12, 2010. By Brenda Craig.Washington, D.C.: Banks are being hit with a hailstorm of class actions for being quick to trigger foreclosures without actually reviewing the facts of the case. So-called "robo-signers" from GMAC and several other lenders have admitted in depositions that they signed thousands of foreclosure affidavits without ever reading the files.
Read [ Everybody Deserves Due Process Says Attorney Gary Mason ]
Undisciplined Seizure of Homes Sparks Suit November 3, 2010. By Brenda Craig.Newark, NJ: This ultimately has more to do with the parts of the banking system being in a mess, rather than with malice. Nonetheless, damage is being done, according to attorney Lawrence Friscia. His firm, which is primarily a real estate and consumer advocacy firm, is now handling dozens of foreclosure cases. Friscia began to notice some similarities. "We noticed a certain pattern developing, and process matters," says Friscia. "And I think the process that is due to a big bank is also due to a small client."
Read [ Undisciplined Seizure of Homes Sparks Suit ]
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This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License © 2001-2012 Online Legal Media. All rights reserved.
This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License © 2001-2012 Online Legal Media. All rights reserved.