Wednesday, March 10, 2010
Arrests and civil actions have reached record level with the State and Federal investigators making the laws strict for mortgage scammers.
According to mortgagedaily.com, the mortgage related lawsuits has been showing an increase of 76 cases compared to the third quarter. There were 46 cases in fourth quarter of 2008 and this has become 134 cases in fourth quarter of 2009.
Since more states are aggressively enforcing related laws, the upward trend in related fraud litigation is likely to continue, predicts Patrick McManemin, a partner in Patton Boggs, a law firm that specializes in mortgage litigation.
According to mortgagedaily.com, the mortgage related lawsuits has been showing an increase of 76 cases compared to the third quarter. There were 46 cases in fourth quarter of 2008 and this has become 134 cases in fourth quarter of 2009.
Since more states are aggressively enforcing related laws, the upward trend in related fraud litigation is likely to continue, predicts Patrick McManemin, a partner in Patton Boggs, a law firm that specializes in mortgage litigation.



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