Most Recent Articles For: Loan

Written by Administrator on February 2nd, 2012
In Las Vegas, Nevada, KLAS-TV Channel 8 reports:More than 20,000 Nevadans were foreclosed on by companies that are accused of doing business illegally in the state. That's according to a new class action lawsuit filed in Las Vegas. The class action lawsuit is against five companies hired by banks to ...
Written by Administrator on February 1st, 2012
Andrey Kim, 28, Sacramento, California, and Sultanmurod Rashidov, 29, Brooklyn, New York, have been indicted by a federal grand jury on charges of mail fraud and money laundering in connection with a mortgage fraud scheme that resulted in losses of at least $ 180,000 to lenders. Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 29th, 2012
An excerpt from a recent story from The Center for Public Integrity's iWatch News:Since 2007, nearly 9 million homes have been lost to foreclosure, according to data from RealtyTrac. About 4 million are currently in default on or in some stage of foreclosure. Some of these homeowners saw their payments ...
Written by Administrator on January 28th, 2012
Bloomberg reports:Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say.The Arizona Attorney General’s office is asking a court ...
Written by Administrator on January 27th, 2012
Reuters reports:In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Topeka, Kansas. The couple wanted to take advantage of the low interest rates that were all the rage at the time.Roy, a truck driver, and Sheila, a former hotel housekeeping supervisor, knew their ...
Written by Administrator on January 26th, 2012
In Las Vegas, Nevada, KTVN-TV Channel 2 reports:Officials say a pair of Nevada Supreme Court rulings requiring mortgage lenders to produce all required foreclosure documents before repossessing a house don't establish a new legal standard, but rely on state high court opinions issued last July.In unanimous rulings Friday,(1) the court ...
Written by Administrator on January 25th, 2012
In Kansas City, Missouri, the Kansas City Business Journal reports:Legal Aid of Western Missouri(1) has filed a lawsuit on behalf of victims of an alleged foreclosure rescue scam operating out of Mission. According to the suit filed Friday in U.S. District Court in Kansas City, Death Productions LP promised to ...