The number of foreclosures have risen nationwide 42 percent to 1.26 million in 2006, reported by RealtyTrac, a California based company that tracks foreclosures. This rise creates for more space for foreclosure fraud.
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Elizabeth Renuart, a staff attorney at the National Consumer Law Center who co-wrote the report on foreclosure fraud, said such schemes are [...]

For those that would like to obtain briefs filed with the Supreme Court you may now get them from the ABA web site below: To locate them enter case name or argument date.
The link is as follows:
http://www.abanet.org/publiced/preview/briefs/home.html
Pam

The failure of Coast Bank and Construction Compliance Inc. home loans in southern Sarasota and northern Charlotte counties in Florida is causing much angst among customers and lenders alike.
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Although all the stories differ slightly, the one constant in the continuing saga of the loan debacle is the fact that Coast Bank, for whatever reason, decided [...]

U.S. District Judge Melinda Harmon signed an Order dismissing numerous defendants, including longtime outside counsel for Enron, Vinson & Elkins, from the class action suit brought on by Plaintiffs in an effort to streamline the trial which is set for April this year.
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Harmon granted voluntarily dismissals without prejudice under Federal Rule of Civil [...]

Lisa Madigan, the Illinois Attorney General, has filed suit against Arrow Financial Services, LLC alleging that the debt collector used unfair tactics and deceptive practices to collect money from consumers.
Earlier this month, Ms. Madigan also sued another debt collection agency, Leading Edge Recovery Solutions.
Since 1999, the Illinois AG office has received 669 consumer complaints against [...]

Nate Dogg, Snoop’s brother has sued Suge Knight (the Death Row mogul) for royalties of more than 10 million. These debts were not listed in Knight’s bankruptcy schedules, so Dogg is arguing that these debts were not discharged in the bankruptcy case.
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In a complaint filed in US District Court in Los Angeles [...]

The First Circuit Court of Appeals recently decided a case involving recovery of a preference under section 547 (b) of the Bankruptcy Code and application of a creditor’s asserted defense under the “earmarking doctrine.” In the case, Christine Lazarus signed mortgage documents to refinance her home with Greater Atlantic Mortgage Corporation (“GAMC”) 99 days [...]

Judge Lynn Adelman of the Eastern District of Wisconsin ruled in favor of a married couple who sought to rescind their Adjustable Rate Mortgage with Chevy Chase Bank because the bank failed to adequately disclose the terms regarding the interest rate on the loan.
Susan and Bryan Andrews filed suit against the Bank. The Andrews [...]

On Tuesday, January 16, the U.S. Supreme Court heard arguments on an appeal from the 9th Circuit, arising out of the Pacific Gas and Electric (“PG&E”) bankruptcy. The appeal was brought by Travelers Casualty and Surety Company of America (“Travelers”). Travelers appeals a 9th Circuit holding that, in bankruptcy, creditors are only entitled [...]

Malden Mills is a textile maker that is over a century old. It is located in Lawrence and Hudson, New Hampshire and employs 700 and up to 1,000 employees when business peaks. Malden Mills had previously filed for bankruptcy in 2003 because of a factory fire. The owner at the time, Aaron [...]