R.E. Bloggers Under Attack

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Terrific post over at Blown Mortgage on a trend worth watching: Real estate blogs are being sued by the companies they cover. The blog Housing Doom has a similar report here.

‘Mortgage Lender Implode-O-Meter is being sued by Loan Center of California for alleged business injuries caused by the reporting of the site.’ Here’s Implode-O-Meter’s coverage.

From Blown Mortgage: ‘The complaint is in response to an e-mail posted on the Mortgage Lender Implode-O-Meter website on April 18, 2007. LCC alleges that as a result of that posting, nearly $4 million of funding was withdrawn by Credit Suisse and Washington Mutual (along with a variety of other business injuries).... Implode-O-Meter’s response is as follows: ‘It seems clear to us that the intent here is to injure the Mortgage Lender Implode-O-Meter — perhaps even to “shut us down.” We believe we are without blame and at no fault in this incident.’

From Blown Mortgage: ‘Other bloggers have faced similar pressure as well. Pamela Crowley, operator of www.mortgagefraudwatchlist.org was sued by eAppraiseIT for alledgely defaming the company in reporting dubious appraisal and property valuation tactics.’

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