Mortgage Daily Logo
mortgage news from industry experts

Modifications Lawsuits – Second-Quarter 2010 Mortgage Litigation Index Second-Quarter 2010 Mortgage Litigation Index

Modifications Lawsuits
Second-Quarter 2010 Mortgage Litigation Index
Actions tied to loan modifications and modification firms.

 

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
The Debt Advocacy Center, LLC, a limited liability company, Smith, Gromann & Davidson, P.A., Creditlawgroup, an Interstate Partnership of Professional Associations, a Florida general partnership fomerly known as Smith & Gromann, an Interstate Partnership of Professional Associations and doing business as Smith & Gromann, P.A., Credit Services Alliance, Inc., a corporation, Edward J. Davidson, individually and as Chief Executive Officer of The Debt Advocacy Center, LLC and as an owner of Smith, Gromann & Davidson, P.A. Federal Trade Commission U.S. District Court for the Northern District of Ohio Eastern Division n/a Plaintiff FTC’s lawsuit alleges that Defendants offered forensic audits where they reviewed loan documents for violatons of law that would give borrowers leverage in negotiating loan modifications or short sales. Defendants allegedly made false claims of success and charged upfront fees even though their services were unlikely to assist borrowers. FTC v. The Debt Advocacy Center, LLC et al. Case: 1:09-cv-02712-CAB 9-Nov www.mortgagedaily.com/ForensicAudits060110.asp
William Vargas State of Nevada na $21,000 Mortgage modification scam in which up-front fees were charged in return for modification services which were not performed. na na na www.mortgagedaily.com/LitigationForeclosureFirms061610.asp
Carl T. and Margaret Lupica When Wells Fargo Bank, N.A. District Court of Appeal of Florida, Fifth District na Appeals court overturned trial court’s denial of motion to cancel foreclosure. WELLS FARGO BANK, N.A. v. LUPICA Case No. 5D09-2902 na www.mortgagedaily.com/LitigationForeclosure061610.asp
Washington Mutual Lori and Mark Pestana na $5,000,000 Settlement in case where defendant accused of telling borrowers to skip payments to qualify for modification. na na na www.mortgagedaily.com/LitigationForeclosure061610.asp
Countrywide Home Loans, BAC Home Loans Servicing and Fannie Mae Bradford Corder Kanawha Circuit Court, W.V. na Complaint alleges predatory lending and abusive servicing were responsible for the foreclosure on plaintiff’s home. Corder v. Countrywide et al. Case No. 10-C-698 na www.mortgagedaily.com/LitigationForeclosure061610.asp
GMAC Mortgage Corp. American Residential Equities LLC U.S. District Court for the Southern District of Florida NA Mortgage investor files suit against GMAC alleging mismanagement of assets by mortage servicer American Residential Equities LLC v. GMAC Mortgage Corp. na na www.mortgagedaily.com/LawsuitGmac061510.asp

Q1 2010 modification lawsuits


Q4 2009 modification lawsuits


Q3 2009 modification lawsuits


Q2 2009 modification lawsuits

 

 

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION