Posts Tagged ‘second mortgage’

Wells Fargo sued for knowingly approving risky 2nd mortgage

August 10, 2009

“A Bowie couple is suing Wells Fargo bank, alleging the bank should have known they could not afford the second mortgage they agreed to for their home. […] According to court documents, the Bahs have asked for “legal and equitable relief as may be appropriate,” though lawyers hope that will include a chance to renegotiate with the lender. The lawsuit is the latest of hundreds in the region that homeowners have filed in the past year to put off losing their homes, legal aid lawyers said.”