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Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.


Mortgage Advertising Lawsuits
Fourth-Quarter 2011 Mortgage Litigation Index

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Lawsuits about mortgage advertising, bait and switch ads, deceptive ads and do-not-call violations.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Date of Activity Link to Story
Rocky Prasad, Prestige Loans Corp. na Santa Clara County Superior Court $66,000 Defendant pled guilty to operating Prestige without a lending or business license, stealing up-front costs of $66,000 from two borrowers and falsely advertising on Prestige's website a successful 20-year history. na na na 11/21/2011 www.mortgagedaily.com/LitigationCriminal122011.asp
Michael Kwasnik, The Law Firm of Kwasnik, Rodio, Kanowitz & Buckley P.C., Hope Now Modifications Federal Trade Commission U.S. District Court for the District of New Jersey $137,656 Agreed to settlement. The operation and its two principals were charged with falsely claiming to be part of the HOPE NOW Alliance, a non-profit, government-endorsed network. Federal Trade Commission v. Hope Now Modifications, LLC, Hope Now Financial Services Corp., also dba Hope Now Modifications, Nick Puglia, and Salvatore Puglia 1:09-cv-01204-JBS-JS, FTC File No. 092 3079 3/17/2009 Nov. 2011 www.mortgagedaily.com/LitigationForeclosureFirms112111.asp
Residential Relief Foundation and Silver Lining Services and owners James Holderness, Bryan Melanson, Michael Valenti and Jillian Melanson, Mitigation America LLC and principal Dennis Strzegowski Federal Trade Commission U.S. District Court for the District of Maryland $11,009,306 2 settlements ban defendants from participating in mortgage assistance relief and debt relief industries. Most of judgment amount suspended. Federal Trade Commission, Plaintiff, v. Residential Relief Foundation Inc., Silver Lining Services LLC, Mitigation America LLC, James W. Holderness, Michael Valenti, Bryan J. Melanson, Jillian N. Melanson, and Dennis Strzegowski, Defendants 1:10-cv-3124-JFM, FTC File No. 1023234 Nov. 2010 9/28/2011 www.mortgagedaily.com/LitigationForeclosureFirms112111.asp
Law Offices of Perry and Associates LLC, Virginia attorney Michael A. Perry and Anthony Dolphus by the Maryland Department of Labor Maryland Department of Labor na $489,000 A civil money penalty was issued. The state also issued a proposed cease-and-desist order and required restitution. Defendants are accused of collecting up-front loan modification fees in violation of Maryland law. na na na 11/15/2011 www.mortgagedaily.com/LitigationForeclosureFirms112111.asp
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