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: The Home Equity Theft Reporter

RICO Suits May Pose Big Problem For Banks In Robosigner Scandal As Class Actions Begin To Pile Up

By r morris

Bloomberg News reports:Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the U.S., threatening a besieged industry with billions more in potential losses.***The class actions, which could be expanded nationally, seek damages for homeowners whose properties were illegally foreclosed upon by banks using fraudulent documents. Suits have been filed in Maryland

Full post as published by The Home Equity Theft Reporter on November 21, 2010 (boomark / email).