About Us
Expert Witness and Litigation Consulting services in most aspects of real estate and mortgage-related litigation have been a major focus of ours for many years. We accept expert witness assignments throughout the United States and the firm's clients include leading law firms and governmental agencies, working on behalf of both plaintiff and defendant. Our litigation/expert witness services include issues such as:
Analysis and case development
valuations and damage assessment
specialized forensic accounting
Banking mortgage operations
Lending Policies, Custom and Practice
Loan Underwriting & Credit Administration
Mortgage Banking
Bankruptcy, Foreclosures and Workouts
Economics and Damages Analysis
Real Estate Appraisal
Real Estate Transactions & Brokerage
Title Insurance & Escrow
Wrongful Termination/ Compensation Disputes
Forensic Accounting
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We have been offering Expert Witness and Litigation Consulting services since 1997. Some of the lawsuits concern mortgage and real estate fraud, while others concern industry standards and practices. Below is a sample of the cases we've worked on:
Standards of Care (for Plaintiff): Plaintiff-Borrower sued both lender and mortgage broker for approving a loan for which Plaintiff was clearly not qualified and which ended in default.
Fraud (for Plaintiff): Plaintiff lent money to a friend for a down payment on a home purchase,to be repaid in 3 years. The lender required it to be a gift and not a loan, and Plaintiff agreed to sign a bank form to that effect. Defendant relied on that form in refusing to pay back the loan.
Fraud (for Defendant): Lenders evaluation of income shown on loan application in stated income loans, where income documentation is not required. Is the income shown on the application the projected income for the coming year, or must it reflect last years income?
Standards of care (for Plaintiff): Plaintiff purchased a home using the services of a realtor, who referred Plaintiff to a mortgage broker to arrange for a mortgage. After the closing, Plaintiff discovered that the terms of the loan had been misrepresented, and that mortgage broker and realtor failed to disclose that mortgage broker was an employee of the realtor.
Standards of care/Fraud (for Defendant): Defendant (mortgage broker) used the same appraiser for many of his loans. Plaintiff (lender) claimed that it was the Defendants duty to personally inspect the comps used by the appraiser in arriving at his valuations, and confirm their validity.
Standards of care (for Plaintiff): Plaintiff purchased a home with a 30-year fixed rate mortgage. Five years later, Defendant (lender) notified Plaintiff that her loan would revert to an adjustable loan since the fixed period was for five years only. Lender could not document the reasons for using the wrong trust deed forms.
Standards of care (for Plaintiff): Defendant (owner/agent) accepted Plaintiff’s offer to purchase Defendant’s home, as part of a multiple-offer situation. He then changed his mind, and signed a second acceptance on another offer. Plaintiff sued the seller and the national realty firm for which he worked.
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