Security Bank of North Metro accuses Briarwood Forest Duplexes of RICO mortgage fraud and theft by deception, in Fulton County Court, Atlanta.
Also named as defendants in Security Bank v. Briarwood Forest are George Powell, George Powell Jr. PC, Robert Monday, James Cathern, William Johnson, Miles Moody, Cameron Horne, Priority Appraisal Services, Henry Sellers and Attorneys' Title Insurance Fund.
Loan Center of California violated truth in lending laws by failing to inform homebuyers that their adjustable-rate mortgages would result in negative amortization and foreclosures, a class-action complaint claims in Sacramento Federal Court.
Mortgage Investors Group fraudulently omitted and failed to disclose information about its adjustable rate mortgages, a class-action complaint claims in San Jose Federal Court.
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