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Mortgage Rescission Could Be Class Action Nightmare for U.S. Banks

National News • July 7, 2008
A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when ...

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Subject: RE: RE: They don't need to rescind

Posted On: July 7, 2008, 1:32 pm CDT
Posted By: caveat emptor
Comment:
No, but everyone caught in a toxic mortgage is someone who didn't read their closing documents. It's all right there, whether lenders and brokers disguised it as something else or not (and if they did, I am NOT excusing their legal liability in doing so but that does NOT NOT NOT excuse the borrower from making payments). I read every page of my 150 pages of closing documents. Took 6 hours for me to close but I knew EVERY term of the loan that was made to me - EVERY SINGLE TERM. No reason why anyone else can't do the same and no pity from me if they didn't.
Subject Posted By Posted On
RE: how did this happen..... Gill Fin
Jul 8, 2008, 11:43 pm
how did this happen..... MBB
Jul 8, 2008, 12:33 pm
RE: RE: RE: RE: RE: They don't need to rescind David
Jul 8, 2008, 12:26 pm
RE: RE: RE: RE: They don't need to rescind Tina
Jul 8, 2008, 9:23 am
RE: The whole dang ship needs to go down... Just a thought
Jul 8, 2008, 8:22 am
The whole dang ship needs to go down... Terrie B
Jul 7, 2008, 9:28 pm
Class Action? Johnny
Jul 7, 2008, 4:07 pm
RE: RE: RE: RE: They don't need to rescind caveat emptor
Jul 7, 2008, 3:18 pm
Wait a minute... Tom
Jul 7, 2008, 2:55 pm
RE: RE: I Agree with Dawn- that's the worst part. Dawn
Jul 7, 2008, 1:54 pm
RE: I Agree with Dawn Disheartened
Jul 7, 2008, 1:45 pm
RE: RE: RE: They don't need to rescind Dawn
Jul 7, 2008, 1:43 pm
RE: RE: They don't need to rescind caveat emptor
Jul 7, 2008, 1:32 pm
RE: They don't need to rescind Dawn
Jul 7, 2008, 1:16 pm
Mortgage Sam
Jul 7, 2008, 12:56 pm
RE: They don't need to rescind DDay
Jul 7, 2008, 11:53 am
They don't need to rescind lastbat
Jul 7, 2008, 11:06 am
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