Appraisal, Loan Modification and Foreclosure Lawsuits Soar

Dennis Norman
Dennis Norman

A surge in litigation tied to real estate appraisals, loan modifications and foreclosures contributed to a 54 percent increase in mortgage-related lawsuits, according to the second quarter Mortgage Litigation Report from MortgageDaily.com.

During the second quarter, 125 cases were tracked, jumping from an already active 81 first quarter cases. The second quarter of 2008 had just 42 cases. Continue reading “Appraisal, Loan Modification and Foreclosure Lawsuits Soar