As a natural progression of the foreclosure crisis, mass lawsuits against mortgage lenders have increased significantly in the last year. And just as with the advent of loan modification companies and foreclosure fraud attorneys, many disreputable parties are often the first to reach out to people and offer deals that are scams. Homeowners looking for …
Category Archive: Mass Litigation
Mar 24
$20 Million Foreclosure Fraud Settlement Puts Banks On Notice
David Brash, a soldier stationed out of Fort Benning, Georgia, was awarded with $20 million in a settlement against PHH Mortgage. The six day trial revealed the soldier’s accounts of lies and deceptions made by the company also known as Coldwell Banker, which resulted in wrongly destroying his credit rating and months of aggravation.
Mar 18
New Lawsuit Designed to Cut Through The Banks’ Lies
Banks say they never break the law. The Federal Reserve has declared that there are no fraudulent foreclosures. And now, the 50 states’ Attorneys General have put on hiatus their negotiations for creating new loan modification standards. Let’s face it: The foreclosure situation is as predatory and unfair as ever, and in 3 years no …
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