Homeowners Facing Foreclosure Suing Lender To Undo Mortgage Loans

The Boston Herald recently reported that Rhode Island attorney Christopher Lefebvre "said he is representing 200 current and former Ameriquest homeowners in Massachusetts and other states - many now facing foreclosure - who are suing to undo mortgages taken out through the California-based lender." According to the article:

• "The homeowners he is representing contend they were either not given all the correct mortgage paperwork, or that it was provided in a confusing or misleading way. Federal and state laws spell out, in minute detail, various disclosure documents mortgage companies are required to give borrowers. Lefebrve contends paperwork problems were common during the recent hectic boom in subprime mortgages. “People got sloppy,” he said."

For more, see Lawyer eyes Ameriquest: Clients: Home loan paperwork faulty (no longer available for free online; the story may be available in the Boston Herald paid archives).

For other posts about homeowners suing their mortgage lenders for violation of Truth In Lending statutes to undo onerous subprime mortgage loans, see:

• Homeowners Invoking "Truth In Lending" Rights To Back Out Of Bad Loans
• Option ARMs The Target Of Homeowners' "Truth In Lending" Lawsuits