Nationstar faces $35M suit over cancelled home loan auction

Categorized | STOP FORECLOSURE FRAUD

Nationstar faces $35M suit over cancelled home loan auction

Nationstar faces $35M suit over cancelled home loan auction

HW-

Nationstar Mortgage Holdings faces a $35 million lawsuit after backing away from plans to sell $150 million in home loans.

Truman Capital Advisors and U.S. Bank filed the suit after the firms’ winning bid for Nationstar assets was superceded by the mortgage servicer’s decision to back away from the sale. The firms are asking for compensation to cover due diligence work, research expenses and other costs incurred when the plaintiffs prepared their bid for Nationstar ($46.43 0.31%)mortgage assets.

It all started when Nationstar offered hundreds of residential mortgages for sale through an online auction hosted by its agent, Auction.com.

[HOUSING WIRE]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

Related posts:

  1. Nationstar Mortgage Announces Definitive Agreement to Acquire Certain Mortgage Servicing Assets of Residential Capital, LLC (ResCap) Nationstar Mortgage Nationstar Mortgage Holdings Inc. (NYSE: NSM, “Nationstar”) announced...
  2. Ocwen, Walter win bankruptcy auction for ResCap unit Reuters- A team of Ocwen Financial Corp and Walter Investment...
  3. For Second Time, Ingham Officials Stop Home Auction Our Michigan Hero! Ingham County County Register of Deeds Curtis...
  4. Record Number 10,506 of Foreclosures Cancelled in California DinSFLA here: Hmmm.  Could this be because of borrowers filing...
  5. Buffalo Foreclosure Law Firm Faces Suit “This is the biggest fraud in history, and it’s being...

This post was written by:

- who has written 7580 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Chip Parker, www.jaxlawcenter.com
Dave Krieger CHAIN OF TITLE ASSESSMENT AND QUIET TITLE WORKSHOPS FORT MYERS
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Advertise with Us!

LATEST TOP FORECLOSURE FRAUD CASES OPINIONS
Advertise your business on StopForeclosureFraud.com

Archives

Please Support Me!

All Of These Are Troll Comments