>> Mortgage Related Lawsuits >>
October 26, 2012. By Heidi Turner.
Chicago, IL For some seniors, the money offered through a reverse mortgage can be a lifesaver. People living on a fixed income might not have enough money to make ends meet in the case of illness or injury, so money obtained from a reverse mortgage lender can seem like the ideal solution. Unfortunately, some reverse mortgage lenders are accused of unethical tactics, including misleading seniors about the risks associated with a reverse mortgage so they experience a reverse mortgage default and their home is foreclosed.
Read [ Reverse Mortgage Lenders Allegedly Prey on Seniors
October 13, 2012. By Gordon Gibb.
Santa Cruz, CA (Press Release) While the aftermath of the sub-prime mortgage crisis has seen a number of large U.S. banks defending themselves against charges of misconduct, new data reported by LawyersandSettlements.com indicates consumers are still being impacted by the crisis. Mortgage-related complaints submitted to the legal news website have continued to increase year-over-year as readers continue to seek out legal help in dealing with foreclosures and discriminatory lending practices.
Read [ LawyersandSettlements.com Reports 70 Percent Spike in Mortgage Claims
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
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
January 5, 2011. By Charles Benson.
Auburn, NY Bank of America recently lost a major ruling in its mortgage lawsuit that will make it more difficult for the bank to defend itself, the Washington Post reports.
Read [ Bank of America Takes a Hit in Mortgage Lawsuit
December 24, 2010. By Gordon Gibb.
Washington, DC As tough a time as homeowners have in the current economy, it is heartbreaking to know that homeowners have even more to worry about with regard to the potential for mortgage fraud, by way of an inflated mortgage fee or predatory lending practices designed to squeeze every last dime out of a homeowner who can least afford to be taken to the cleaners. In Iowa, however, they're cracking down.
Read [ Predatory Lending, Mortgage Fraud in the Spotlight
November 13, 2010. By Brenda Craig.
Indianapolis, IN A very clear picture emerges of the heartbreak facing hundreds of thousands of Americans as you listen to attorney Richard Shevitz from the firm of Cohen & Malad. Shevitz has filed a class action against Countrywide and Bank of America on behalf of a couple from rural Indiana, who were tossed out of their home in the foreclosure crisis gripping America.
Read [ Foreclosure a Nightmare for Clients Says Attorney
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