DEEDS IN LIEU OF FORECLOSURE: Who, What, When, Where, Why and How
IRWIN UNION OWED $2.8 MILLION IN CONCRETE CASE

TODAY'S INDY STAR ALL OVER RESIDENTIAL MORTGAGE FRAUD

The mortgage fraud/subprime lender story is off topic for this blog because the problems do not directly involve or affect most commercial lenders.  But the issues are important and likely are of some general interest to the commercial lending industry.  The Indianapolis Star's Sunday Edition has five articles dealing with the issues - probably due in part to the fact that the Indy metro area ranks number three in the nation in foreclosures.  Here are the pieces: (1) case study, (2) more about the prosecution, (3) possible state legislation, (4) potential Congressional action and (5) civil sheriffs affected.  Our firm has handled some of the civil litigation (fraud recovery) that has arisen out of these types of cases.  One of the many challenges with such matters is being able to collect from the responsible persons or entities, many of whom are judgment proof. 

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