HELOC Lawsuits First-Quarter 2011 Mortgage Litigation Index

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MORTGAGE EXPERT
6 · 20 · 11
Litigation tied to home-equity lines-of-credit.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to StoryLink to Story
Fetuu Topoufutuna, Hilltop Mortgage, Alliance Title Co., GMAC Financial Services, Mortgage Electronic Registration Systems, Inc., Paul Financial, et al. Pauline Reade Superior Court of the State of California, San Mateo County $420,000 An 89 year old widow was allegedly deceived by a handyman into signing an application for a home equity loan in favor of the handyman, and settled with the defendants. The defendants lifted the lien on her home and she does not have to pay back the $420,000 loaned against her house. Reade v. Fetuu Topoufutuna et al. 483083 11/28/2010 www.mortgagedaily.com/LawsuitsForeclosures032411.asp

 

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