Fraudulent Financing Practices in Pocono Mountain Area
Seeger Weiss represents more than 170 first-time homeowners in Pennsylvania actions brought against Chase Manhattan Mortgage Corp., and others, challenging mortgage and appraisal fraud lending in connection with their home purchases in the Pocono Mountain area. Specifically, Plaintiffs allege that the defendants were invoiced in a conspiracy to lure first-time home buyers from the New York Metropolitan Area and sell them homes whose value was knowingly inflated by as much as @-P above their fair market value. Plaintiffs allege that the defendants' conduct violated federal civil RICO and state consumer fraud laws designed to curtail such conduct. This case has received national press attention, including coverage by The New York Times. The litigation is currently pending in the U.S. District Court in Harrisburg, Pennsylvania. Although that court declined to certify the claims as a class action, it denied the defendants' motions to dismiss the claims and, more recently, denied their motions for summary judgment, paving the way for the Plaintiffs to finally present their claims to a jury.
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