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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 | 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 |
| Back to article | ||
Subject: RE: The whole dang ship needs to go down...
Thank you for your eloquent explanation.
Most of the people who were hurt were working people, like ourselves. I know of a couple who lost their home and the mortgage company put them in the street with their 3 small children. Now, their credit is so poor, they can't even rent an apartment. Right now, they are living with different relatives just to try to make it.
Everyone wants their small piece of the "American Dream". It is just unfortunate that some companies took advantage of this and left some truly honest people homeless, with extremely poor credit and with no easy, short term way out.