Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, May 17, 2024 | Back issues
Courthouse News Service Courthouse News Service

Mortgage Lenders of the Month

WASHINGTON (CN) - A string of lenders swindled a maid who earned $2,800 a month by selling her a $549,000 house with monthly mortgage payments of $4,770, taking $30,000 in fees and commissions for this, and then - surprise! - foreclosing, the woman's attorney claims in Federal Court.

The woman, who has a 9th-grade education, was victimized by a series of sharpies, beginning with a Century 21 Advantage real estate agent, according to the complaint. The defendants falsified the woman's monthly income as $13,500, then passed the paper along in a series of unconscionable acts, without bothering to verify their co-defendants' string of falsehoods, according to the complaint.

Here are the defendants: JPMorgan Chase Bank, NA; Chase Home Finance, LLC; John Stapleton, Wachovia Mortgage Corp.; Kayode Ojewale, LEHTEB Title & Escrow; Branch Banking & Trust Company; John Taylor, Century 21 Advantage; and AAPEX Mortgage.

The plaintiff is represented by Albert Wilson Jr.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.