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

Modifications Lawsuits
Third-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
Bank of America Anthony Soper, April Soper Washington Western District Court n/a Plaintiffs allege breach of contract in connection with denial of a loan modification. Soper et al. v. Bank of America NA et al. 2:2010cv01194 7/22/10 https://www.mortgagedaily.com/LitigationModifications092810.asp
Federal Loan Modification Law Center LLP, Steven Oscherowitz Federal Trade Commission U.S. District Court, Central District of California $11,500,000 “Settled allegations that advertised a “”federal loan modification program,”” charged up-front fees of up to $3,000 and failed to meet the promises made. Federal Trade Commission v. Federal Loan Modification Law Center, LLP SA-CV-09-401-CJC n/a www.mortgagedaily.com/LitigationModFirms092810.asp
Home Assure, LLC Federal Trade Commission U.S. District Court, Middle District of Florida (Tampa) $2,400,000 FTC settlement requires return of up-front fees of between $1,500 and $2,500. Defendant must stop providing loan modification services. Federal Trade Commission v. Home Assure, LLC 8:09-cv-547-T-23TBM n/a www.mortgagedaily.com/LitigationModFirms092810.asp
Hope Now Modifications LLC, Salvatore Puglia and Nicholas Puglia Federal Trade Commission U.S. District Court, District of New Jersey $5,300,000 Settled allegations that falsely claimed they could obtain loan modifications in virtually all cases and would provide refunds if they failed. Federal Trade Commission v. Hope Now Modifications, LLC [FTC File No. 092 3079] n/a www.mortgagedaily.com/LitigationModFirms092810.asp
Loss Mitigation Services Inc., Dean Shafer, Marion Anthony “Tony” Perry, Bernadette Perry Federal Trade Commission U.S. District Court, Central District of California $6,200,000 Settlement resolved allegations that the defendants falsely promised modifications for advance fees Federal Trade Commission v. Loss Mitigation Services, Inc. 09-cv-800 n/a www.mortgagedaily.com/LitigationModFirms092810.asp
Bank of America na U.S. District Court in Arizona n/a Defendant allegedly finds it more profitable to deny HAMP modifications than complete them. Class action certification sought. Soper et al. v. Bank of America NA et al. 2:2010cv01194 7/22/10 https://www.mortgagedaily.com/LitigationModifications092810.asp
Federal Loan Modification Law Center, LLP State of Wisconsin n/a $574,000 Default judgment was obtained. n/a n/a n/a www.mortgagedaily.com/LitigationModFirms092810.asp
Aurora Loan Services LLC Mauder and Alice Chao; DeOgeneso and Glorina Palugod U.S. District Court for the Northern District of California $100,000,000 Class action by borrowers who paid a loan rescue company based on promises of loan modifications they never received. Mauder and Alice Chao et al. v. Aurora Loan Services, LLC 5:2010cv03383 8/2/10 https://www.mortgagedaily.com/LitigationModifications092810.asp
Hope Now Modifications LLC, Hope Now Financial Services Corp. State of New Jersey Superior Court -Camden County New Jersey $5,000,000 Judgment obtained against defendant. Dow v. Hope Now Financial Services Corp. CAM-C-36-09 6/28/10 www.mortgagedaily.com/LitigationModFirms092810.asp
Global Equity Solutions, Hope Now Financial Services Corp. Florida Office of Financial Regulation na $298,750 Search warrant executed. 250 clients paid at least $1,195 each. na na na www.mortgagedaily.com/LitigationModFirms092810.asp
American Mortgage Counseling, Santiago Pineda Denver County n/a n/a Defendant Pineda charged with multiple counts of thefts and accused of stealing thousands of dollars from delinquent borrowers as he promised to refinance and renegotiate their mortgages and stop foreclosure. n/a n/a n/a www.mortgagedaily.com/LitigationModFirms092810.asp
United First, Inc.; MW Roth, PLC; Paul Noe; Mitchell Roth People of the State of California Superior Court of the State of California, County of Los Angeles $1,100,000 Judgment obtained in case where attorney accused of filing frivolous and phony lawsuits. People v. United First, Inc. BC 417194 8/12/10 www.mortgagedaily.com/LitigationForeclosureFirms092210.asp


Q4 2010 modification lawsuits

Q2 2010 modification lawsuits

Q1 2010 modification lawsuits


Q4 2009 modification lawsuits


Q3 2009 modification lawsuits


Q2 2009 modification lawsuits

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