Installment lender: One Main Financial of Evansville, IN was ordered to pay $10 million to customers and another $10 million in penalties for failing to refund interest charged and selling add-on products. (more…)
Archive | Litigation
LENDER IS GOING TO PRISON
Sentencing Finally saw an article where a mortgage executive was sentenced to a jail term for bank fraud during the financial crisis chaos. Michael Ashley’s company, Lend America, imploded to the tune of $49M in losses in 2009. His sentence: 3 years in prison, $49M in restitution, and a forfeiture of $800,000.00. The judge did […]
Scams Are Everywhere!
Not a Day Goes By that There is Not Another Alert about New Scams. The scammers are quick, resilient, and always thinking. They will fly too close to the sun, crash, and then rise again from the ashes. Time does change their tactics. About a decade ago, they were all working in some kind of […]
Unlawful Detainer Action Only for Material Tenant Breach
The Courts Giveth and the Courts Taketh Away. A few months ago, a number of California landlords and their attorneys had the unusual sense that the courts had indeed given them something. On October 1, 2015 a decision was filed in the case of Boston LLC v. Juan Juarez (Appellate Division, Los Angeles County Superior […]
Are Real Estate Agents Vulnerable to Law Suits?
That is obviously a rhetorical question. The question might be, “Where are they the most vulnerable”? The one area that yields the most problems is non-disclosure of home defects. Yet, only 83% of the Realtors are protected by the famous Errors and Omissions insurance. Also, there are thousands of agents in California who are not […]