|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
Case Number
|
Date Filed |
Link to Story |
| Ultimate Real Estate Solutions, L.L.C., Empire Equity Group Inc. d.b.a 1st Metropolitan Mortgage Services, TMR Appraisal Services Inc. and NLS Appraisal Service Inc. |
Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs |
Camden County |
na |
Defendants accused of acquiring properties using fraudulent loan applications, then leasing the home to bad credit tenants who were led to believe they were buying the properties on a lease-purchase. |
“Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs, v. Ultimate Real Estate Solutions, L.L.C., et al |
na |
na |
www.mortgagedaily.com/FraudLawsuitNewJersey061708.asp |
| Cecelia and Norman Hill |
National City Bank |
U.S. Bankruptcy Court for the Northern District of California |
$250,000 |
“A bankruptcy judge recently ruled against National City Bank even though the borrowers committed mortgage fraud in obtaining their stated income loan. |
National City Bank v. Hill |
07-41137, AP 07-4106 |
May 23, 2008 |
www.mortgagedaily.com/LawsuitNationalCity062508.asp |
| A&E Mortgage Company, L.L.C., aka Colony Financial Services, L.L.C., et al. |
Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs |
Essex County _____. |
na |
Defendants allegedly placed borrowers in predatory loans based on “misrepresentations and falsified information,” offered bogus foreclosure rescue services and engaged in a practice know as “inflated sale and crash,” where investors purchase properties at inflated prices using mortgage fraud. |
Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs, v. A&E Mortgage Company, L.L.C., aka Colony Financial Services, L.L.C., et al |
na |
na |
www.mortgagedaily.com/FraudLawsuitNewJersey061708.asp |
| American Millenium Company, L.L.C., dba American Mortgage Company, and Radell Appraisal Services LLC |
Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs |
na |
na |
The defendants allegedly recruited investors using false promises, then submitted bogus loan packages with inflated property values to lenders and collected their fees. |
Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs, v. American Millenium Company, L.L.C., dba American Mortgage Company, et al |
na |
na |
www.mortgagedaily.com/FraudLawsuitNewJersey061708.asp |
| Mortgages Ltd. |
Rightpath Limited Development Group |
na |
$120,000 |
A lawsuit alleging fraud over a $120 million loan obtained in 2007. |
na |
na |
na |
www.mortgagedaily.com/ClosureMortgagesLtd062608.asp |
| National City Mortgage Inc. |
Various Borrowers |
na |
na |
20 borrowers claim the company turned a blind eye to overcharges and bad appraisals — leaving them with loan balances that are higher than the values of the properties securing them. |
na |
na |
na |
www.mortgagedaily.com/LawsuitNationalCity051908.asp |
| Newport Lending Corp., Chapman Capital Inc., Home Loan Consultants Inc., Sage Credit Co. and Southern California Marketing Corp., et al. |
LendingTree LLC |
Orange County Superior Court |
na |
LendingTree filed a fraud lawsuit against several individuals and companies over stolen lead data. |
LendingTree LLC v. Newport Lending Corporation |
Case No. 30-2008-00062376-CU-FR-CXC |
April 21, 2008 |
www.mortgagedaily.com/LawsuitLendingTree042308.asp |
