According to various economists, home prices are expected to drop overall by another 2% this year, as compared to last. The hardest hit areas, ... Read More
CLAIMS AGAINST APPRAISERS STILL HIGH
With the continued weak real estate market, claims and lawsuits against appraisers remain high. In the first Quarter of 2010, the mortgage industry ... Read More
REALTY EXECUTIVES SUES LONG-TERM DESIGNATED BROKER FOLTZ
On May 24, 2010, Realty Executives filed a lawsuit against its former long-time designated broker, John Foltz, in Maricopa County, Arizona Superior ... Read More
MORTGAGE INVESTORS MAY HAVE CLAIMS
Investors lost billions of dollars on defective mortgage securities. Now, they understandably want to recover their losses. The investment ... Read More
ARIZONA COURT OF APPEALS UNDOES SUMMARY JUDGMENT AGAINST FORMER TASER EXECUTIVE
The Arizona Court of Appeals recently reversed and remanded a trial court’s grant of summary judgment against a former Taser executive. Taser sued the ... Read More
APPRAISAL FRAUD RISING
Fraud in the appraisal increased from 22% of all fraud reported in 2008 to 33% in 2009, according to the Mortgage Asset Research Institute ... Read More
