Mortgage-related lawsuits are on the rise, with both homeowners and investors suing over allegedly being cheated by the mortgage industry. According to a litigation report from MortgageDaily.com, an online mortgage news analyst, the number of mortgage-related lawsuits filed in the first quarter of this year jumped to 81, a more than 50% increase from the 50 cases tracked during the same quarter in 2008.
Cases tied to foreclosures, including actions against foreclosures-rescue firms, jumped to 12, triple from the four cases in the prior period. Lawsuits filed by mortgage-backed securities investors also increased, from four to 13, which pushed investor class actions to 21 cases – the most of any type. These increases come as no surprise to the lawyers in our firm involved in mortgage-related litigation. If you want more information on mortgage-related litigation contact Bill Robertson at 800-898-2034 or by email at Bill.Robertson@beasleyallen.com.
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