Lawsuit Filed in Phoenix Against Mortgage Lenders.
The Arizona Republic (2/3, Anderson) reports, "Twin federal lawsuits filed in Phoenix and Seattle accuse the nation's two biggest mortgage lenders of using their industry muscle to twist the independent home-appraisal process into a corrupt moneymaking scheme." Both lawsuits "accuse the lenders of violating the Real Estate Settlement Procedures Act, which protects consumers involved in real estate transactions, and the Racketeering and Corrupt Policies Act, best known by its acronym RICO and usually associated with organized crime."
For full story: http://www.azcentral.com/business/articles/2009/02/02/20090202biz-wellsfargo0202ON.html
Begam, Lewis & Marks represents those injured both physically and financially by the negligence and intentional acts of others.
