Foreclosure defense attorneys are becoming increasingly frustrated by the dismal foreclosure statistics and are seeking help from our nation’s criminal prosecutors to investigate the possibility of bringing “foreclosure mills” and banks to justice under the Racketeer Influenced and Corrupt Organizations Act (RICO).
Usually, when we hear terms like “organized crime” and “RICO,” we think of Tony Soprano [...]

For the second time in a week, Connecticut’s Attorney General has taken a pro-consumer case to court. Earlier this week, the state moved to shut down an unlicensed collection agency. The state has now filed suit against Countrywide Financial Corp. alleging that the company made inappropriate and unaffordable mortgage loans to borrowers and [...]

On Monday July 28, 2008 the Attorney General for the State of Missouri filed charges against

St. Anthony Avenue LC, based in St. Louis County. The lawsuit was filed in St. Louis County;
Private Funding Solutions, based in St. Charles, and its president, Mike C. Rothweiler. The lawsuit was filed in St. Charles County;
Brian J. Thompson, of [...]

The Atlanta Journal-Constitution published a front page article today about a defendant who will be sentenced today for setting up a mortgage fraud scheme that turned around 20% of the homes in a middle class minority suburb of Atlanta into empty shells.  The defendant, a 40 year old man named Kevin Wiggins, recruited straw buyers [...]

There was something fitting last week in the wave of arrests of mortgage brokers and others on the lender’s side of the mortgage transaction.  The feds arrested some 400 people in Operation Malicious Mortgage. Locally, the  Santa Clara County (Silicon Valley) D.A.’s office arrested a mortgage broker.
Up til now, the pain in the mortgage meltdown [...]

As the whole world knows, Lee County, Florida is leading the nation in foreclosures. The cities in Lee County that are experiencing the highest foreclosure rate are Cape Coral and Lehigh Acres. According to the latest statistics, something like 1 in 86 homes in Lee County are in the foreclosure process, and not [...]

Gretchen Morgenson and Jonathan D. Glater wrote an excellent piece in The New York Times which discusses the law firms that handle foreclosures for mortgage servicers.
These firms, known as “foreclosure mills,” crank out thousands of foreclosures every year, and the biggest mills may be illegally “kicking back” fees to the biggest default servicing company, Fidelity [...]

Just because you surrender your home in bankruptcy or your home has been foreclosed upon you can be arrested in relation to your property. It does not happen very often but as more properties are being foreclosed upon I think the probabilities of arrest will increase.
If you liked that post, then try these…Mortgage Litigation Conference [...]