Friday, July 27, 2007

New Hamphire Woman Gets Go-Ahead In Suit Against Ameriquest

Amherst, New Hampshire resident Rosemary Gilroy, who filed a federal suit against Ameriquest alleging that they engaged in predatory lending practices, received a favorable ruling this past Monday in a Concord Federal Court allowing her to "proceed on her case without an attorney and bring the nation’s largest subprime lender into court, because, if what she alleges is true, it could be in violation of state and federal law," according to the Nashua Telegraph. Reportedly, it is her position that, if eligible for a share of a $325 million predatory lending settlement Ameriquest has entered into with 49 states, that share would average around $250, and she's not interested. For more, see Amherst woman sues lender.