Mortgage Lenders Network, Inc. has dismissed three defendants from the civil lawsuit that it filed in 2004.
David G. Anderson, Bowling Green, Ohio and Emilio Soli, Stow, Ohio were dismissed because, as stated in a document entitled Notice of Plaintiff’s Intent to Dismiss Defendants David G. Anderson, Emilio Soli and Adkins Appraisal Services, Inc. Without Prejudice, according to the testimony of the defendants, they were not involved in the fraud alleged in the complaint. The dismissal was entered without prejudice, according to the Notice, in the event further discovery in the case were to reveal that such testimony was not truthful. According to that same Notice, Adkins Appraisal Services, Inc., Sylvania, Ohio was dismissed as, according to the representations of Debra Adkins and the records of the Ohio Secretary of State, it was not an entity capable of being sued.
Debra Atkins, Toledo, Ohio and Jay Riccardi, Oklahoma City, Oklahoma are the only remaining defendants. The amended complaint alleges that from March to September 2000, Debra Adkins and/or Jay Riccardi conspired to provide false and fraudulent appraisals of residential properties in return for payment. The complaint further alleges that these appraisals were submitted with loan applications and that Mortgage Lenders Network made loans in reliance on the appraisals.
The complaint identifies 19 properties:
142 Garfield Avenue, Findlay, Ohio
409 Griffith Street, Sycamore, Ohio
5556 State Route 19, Galion, Ohio
441 West Wyandot Avenue, Upper Sandusky, Ohio
14946 Wapakoneta Road, Grand Rapids, Ohio
11266 Township Road 196, Vanlue, Ohio
2713 Chestnut Street, Toledo, Ohio
220 South Hazel Street, Upper Sandusky, Ohio
1120 North Union Street, Lima, Ohio
2120 Maplewood Avenue, Toledo, Ohio
12629 Township Road 45, Findlay, Ohio
2999 Remington Ridge Drive, Columbus, Ohio
1458 Atcheson Street, Columbus, Ohio
4843 Imperial Drive, Toledo, Ohio
1016 Elcliff Drive, Westerville, Ohio
755 Hamilton Street, Toledo, Ohio
829 Evesham Avenue, Toledo, Ohio
440 Ewing Avenue, Findlay, Ohio
3141 Pomeroy Street, Toledo, Ohio
The complaint seeks compensatory damages of at least $250,000.