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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.
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Legal issues surrounding borrowers who file for bankruptcy, including servicing bankrupt borrowers.
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Defendant
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Plaintiff
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Court
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Amount
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Overview
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Case Title |
Case Number
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Date Filed |
Link to Story |
| Boyd A. Kessler, Millennia Mortgage Corp. |
Landmark National Bank |
Supreme Court of the State of Kansas |
na |
Despite its participation in the Mortgage Electronic Registration Systems Inc. registry, a second mortgage holder in Kansas was not notified about a foreclosure action by a first mortgage holder--leaving excess sale proceeds to the bankrupt borrower. The subordinate lender unsuccessfully tried to have the action reversed -- highlighting flaws in the widely used MERS system. |
Landmark National Bank v. Kessler |
Case No. 06-CV-155 |
Jan. 2007 |
www.mortgagedaily.com/LawsuitMers100209.asp |
| Warren Agin, Trustee |
Mortgage Electronic Registration Systems Inc. |
U.S. District Court for the District of Massachusetts |
na |
Bankruptcy appeal in which "trustee is allowed to treat a mortgage as an unsecured claim." |
Mortgage Electronic Registration Systems, Inc. et al v. Warren E. Agin, et al. |
Case No. 1:2009cv10988 |
June 10, 2009 |
www.mortgagedaily.com/ForeclosureLitigation121509.asp |
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Repurchase News
Coverage of repurchase demands, expense and and litigation.
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