Bring on the lawsuits

With homeowners upside down on their properties and the foreclosure boom kicking off in earnest; you knew it was only a matter of time before the lawsuit engine kicked in to high gear. CNN Money reports on the phenomenon picking up steam as individual home owners start suing the crap out of their mortgage broker, lender, and anyone else involved in the transaction that winds up costing them their home. It's going to be a good time to be a real estate attorney. The ones I know are so busy they are turning down business left and right. The cases primarily revolve around the following: Violation of the Truth-In-Lending act for failure to provide clear and understandable disclosures. These will be popular in Option ARM lawsuits. Fraud or misrepresentation. These will be popular in cases