FYI
Beazer Named in Class-Action Case
Andersen & Associates and The Jackson Law Group PLLC, Charlotte-based law firms with extensive experience in mortgage fraud and class litigation, today announced that a lawsuit seeking class action status has been filed against Beazer Homes Corp. and Beazer Mortgage Corporation.
The case, pending in Mecklenburg County Superior Court on behalf of proposed Class Representatives Mark and Lea Tingley, alleges violations of North Carolina General Statutes Chapter 75, a consumer protection statute which proscribes unfair and deceptive trade practices.
The action is with respect to numerous “low income” subdivisions in North Carolina where Beazer Homes Corp. built and sold newly-constructed homes. The suit alleges that Beazer Homes Corp. and Beazer Mortgage Corporation conspired to illegally finance unqualified purchasers to buy newly-constructed homes,thus making widespread foreclosure and abnormal property devaluation inevitable.
Foreclosures Down/UP
RealtyTrac(R)(http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2007 U.S. Foreclosure Market Report, which shows a total of 130,786 foreclosure filings – default notices, auction sale notices and bank repossessions -- were reported during the month, down 4 percent from a revised January total but still up 12 percent from February 2006. The report also shows a national foreclosure rate of one foreclosure filing for every 884 U.S. households during the month.
Andersen & Associates and The Jackson Law Group PLLC, Charlotte-based law firms with extensive experience in mortgage fraud and class litigation, today announced that a lawsuit seeking class action status has been filed against Beazer Homes Corp. and Beazer Mortgage Corporation.
The case, pending in Mecklenburg County Superior Court on behalf of proposed Class Representatives Mark and Lea Tingley, alleges violations of North Carolina General Statutes Chapter 75, a consumer protection statute which proscribes unfair and deceptive trade practices.
The action is with respect to numerous “low income” subdivisions in North Carolina where Beazer Homes Corp. built and sold newly-constructed homes. The suit alleges that Beazer Homes Corp. and Beazer Mortgage Corporation conspired to illegally finance unqualified purchasers to buy newly-constructed homes,thus making widespread foreclosure and abnormal property devaluation inevitable.
Foreclosures Down/UP
RealtyTrac(R)(http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2007 U.S. Foreclosure Market Report, which shows a total of 130,786 foreclosure filings – default notices, auction sale notices and bank repossessions -- were reported during the month, down 4 percent from a revised January total but still up 12 percent from February 2006. The report also shows a national foreclosure rate of one foreclosure filing for every 884 U.S. households during the month.
posted by MORTGAGE NOTE APPRAISERS at
4:13 PM
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