Foreclosure › Fraud

Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession.

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News & Analysis as of May 25, 2013

Foreclosure Scams Rampant in Florida

by Aaron Kase | Lawyers.com on 5/1/2013

A Florida man was recently sentenced to 26 years in prison for foreclosure and short sale fraud. John Lebron, 33, was convicted last week of setting up a complex scheme to buy and sell foreclosed houses, make money on each...more

Senator Seeks DOJ Investigation Of Default Servicing Practices

by BuckleySandler LLP on 3/20/2013

On March 8, Senator Ron Wyden (D-OR) released a letter to Attorney General Eric Holder advising the DOJ about claims made to the Senator’s office by a “long-time professional in the mortgage industry” that banks and mortgage...more

Florida Supreme Court Limits Discretion To Strike Voluntary Dismissals Of Foreclosure Actions

by BuckleySandler LLP on 3/5/2013

The Florida Supreme Court recently held that when a borrower alleges fraud on the court as a basis for setting aside a lender’s notice of voluntary dismissal of a foreclosure action, the trial court has jurisdiction to...more

Orrick's Financial Industry Week In Review - March 4, 2013

by Orrick, Herrington & Sutcliffe LLP on 3/4/2013

In This Issue: *Financial Industry Developments - Amendments to Fed and OCC Foreclosure Consent Orders - Fed Proposed Rule on Systemically Important Financial Market Utilities - Rating Agency...more

Florida Scammer Rented Out Neighbor’s Foreclosed Home

by Perry Draper Law on 2/26/2013

One Palm Beach neighbor borrowed more than just a cup of sugar. When Nathalie Heil noticed that the house next door was empty after it foreclosed, she posted an online ad offering the property for rent. Heil found some...more

California Supreme Court Eases Admissibility of Oral Statements in Contract Fraud Disputes

by Melissa Lor | Schnader Harrison Segal & Lewis LLP on 2/22/2013

California, like most jurisdictions, prohibits parties to integrated contracts from introducing “parol evidence” — this is, evidence of prior written or verbal agreements made by a party to a contract — if those alleged...more

DocX Shutdown Part of $35M ‘Robosigning’ Fraud Settlement

by Michele Bowman | Lawyers.com on 2/22/2013

The Department of Justice on Feb. 15 announced a $35 million settlement with Lender Processing Services (LPS) subsidiary DocX, stemming from the so-called “robosigning” scandal of 2010. DocX was in the business of...more

You Should Know - February 2013

by Patrick Malone & Associates P.C. | DC Injury... on 2/14/2013

In This Issue: - Big Banks Settle - Avoid the Scams - Checkbook Fine Print - Excerpt from Vulernable Homeowners Fall Prey To Foreclosure Fraud: You sign on the dotted line and take the keys to your new...more

Alleged Adverse Possessor Charging Rent Gets Arrested

by Schecter Law on 2/12/2013

In West Palm Beach, Nathalie Heil was arrested on February 1, 2013, and faces charges of grand theft and fraud. Various news sources indicate that Heil has been accused of renting her neighbor’s foreclosed home. Heil claims...more

Eleventh Circuit Holds that Net Revenue, Not Profits, Should Determine Damages in FTC Deceptive Marketing Case

by Michael Rosensaft, Allison Wuertz | Katten Muchin Rosenman LLP on 1/31/2013

The US Court of Appeals for the Eleventh Circuit recently affirmed a judgment against three individual defendants finding that the district court correctly used net revenue to calculate damages. Defendant-appellants were...more

CFPB Halts Alleged Nationwide Mortgage Loan Modification Scams

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 12/12/2012

The CFPB has announced actions to halt two alleged mortgage loan modification scams it believes ripped-off thousands of struggling homeowners across the country. According to the CFPB, these operations took in more than $10...more

Wrongful Foreclosure - A Guide to Foreclosure Fraud

by Lawrence Tolchinsky on 12/1/2011

This foreclosure e-book is a complimentary publication offered by our law firm to homeowners to explain what has happened in the housing market over the last several years. We have compiled most of the information from our...more

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