MortgageDaily.com tracked 134 mortgage-related lawsuits in the fourth quarter of 2009, an increase of 76 cases compared to the third quarter. There were 46 cases in fourth quarter 2008.
"The upward trend in related fraud litigation is likely to continue," predicted Patrick McManemin, a partner in Patton Boggs, a law firm that specializes in mortgage litigation, because more states are aggressively enforcing related laws.
Source: MortgageDaily.com (03/08/2010)
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Walter Stauss, Lifestyles Real Estate
500 Seabright Avenue, Santa Cruz, California 95062
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