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A lawsuit was filed Virginia on behalf of 47 Virginia plaintiffs who said their credit reports contain inaccurate information.
All of the plaintiffs have filed for bankruptcy.
But their credit reports contain records of debt that still appear active even though it has been discharged.
Source:
Credit Agencies Sued Over Bankrupt Account Reporting
Six prime Dallas Cowboys season tickets were auctioned to a Dallas-based ticket broker for $241,000.
The package was sold by the Internal Revenue Service to help address tax debt owed by Lending.com.
The ticket package fell to the IRS after attempts to settle the debt failed, an IRS
JPMorgan Chase & Co. lost an appeal on a lawsuit filed by First American Title Insurance Corp., according to a copy to the decision.
The Supreme Court of Indiana ruled that U.S. BANK, N.A., can move forward with a tort claim against Integrity Land Title Corp.
A title search by Integrity at the time the loan was made did not reveal a 1998 foreclosure judgment on the property.
Excerpted from:
Lenders Litigate Title Claims
A lawsuit filed by Texas Attorney General Greg Abbott accuses American Home Mortgage Servicing Inc. of multiple violations of the Texas Debt Collection Act.
The servicer also allegedly violated the Texas Deceptive Trade Practices Act.
Among other things, American Home allegedly was too aggressive and used “unlawful tactics” in its collection practices with borrowers who had trouble meeting their payment obligations.
Go here to see the original:
American Home Sued Over Servicing Practices
The dollar volume of mortgage fraud cases in California tracked by MortgageDaily.com was $436 million, more than any other state.
RealtyTrac reported that more California properties faced foreclosure filings during the second quarter than any other state.
In fact, seven of the 10 states with the highest amount of mortgage fraud in the FraudBlogger Index report were also among the 10 states with the most foreclosures.
See the original post here:
High-Fraud States also Have High Foreclosures
Roberta Stutzman was given a 75-month prison sentence by a federal judge, an announcement from the Federal Bureau of Investigation said.
Her sentence followed a guilty plea to bank fraud, bank embezzlement and tax fraud.
A 24-month sentence was handed down to Kimberly O. McAbee, a statement from the U.S. Department of Justice said.
McAbee allegedly manipulated balances on mortgages and home-equity lines-of-credit owed by her family and friends to her employer.
Source:
Mortgage Crimes Yield Prison Time
The national fraud risk index was 145 in the Q2 2010 Mortgage Fraud Risk Report from Interthinx Inc.
An index of 100 is considered a “nominal” level of fraud risk.
The risk level was down 3 percent from three months earlier.
Original post:
Risk of Mortgage Fraud Subsides
… and for single-family homes nearly 80%. Obama’s mortgage relief plan (the Homeowner Affordability and Stability … (with impact) more devastating than the US sub-prime securitization collapse which triggered the entire crisis …
Credit:
Dispatches from the Front Lines of the Economic Crisis
… was first rescued in September after bad mortgage bets left it on the verge of … hurt by writedowns on assets linked to subprime mortgages and capital losses. The Federal Reserve …
See the rest here:
AIG in talks with US government, sees $60 billion loss
… piling up, if you’re behind on your mortgage payments, if you’re struggling to avoid foreclosure, … spot predatory lenders and how to refinance sub-prime mortgages that are in danger of foreclosure. …
Original post:
How to Negotiate Out of Foreclosure… Free