Thursday, March 27, 2008

Legal Attacks Against Countrywide Continue; Accused Of Running Up Late Fees, Misrepresnting Terms Of Forbearance Agreements

In Orange County, Texas, the Southeast Texas Record reports:
  • Jason Byrd of the Snider & Byrd law firm has filed two new suits against Countrywide Home Loans in Orange County District Court. After Hurricane Rita cut a swath through Southeast Texas, Countrywide granted several Golden triangle residents a reprieve from making monthly mortgage payments. Now more than two years later, Countrywide is seeking to collect on those back payments. Orange County residents Alton and Susan Pursley along with Joey and Jennifer Bergeron claim Countrywide misrepresented the conditions of the payment suspension program and is now unfairly requesting a lump sum payment plus additional late fees.

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  • The home owners in the suit allege Countrywide's actions are not only in violation of the Texas Deceptive Trade Practices Act [DTPA] and a breach of contract, "but are patently deceptive."

For more, including a list of violations of DTPA allegedly committed by Countrywide, see Suits against Countrywide for charging late fees piling up.

For other stories on Texas lawsuits against Countrywide by the same law firm, see:

Go here, Go here and Go here for more on recent Countrywide problems with consumers.