Senior Citizens File Class Action Lawsuit Complaint Against Seattle Mortgage Over Mortgage Loan Origination Fees Allegedly Paid To Mortgage Brokers On Reverse Mortgages.
A class action lawsuit has been filed against Seattle Mortgage Co. (“Seattle Mortgage” or “Defendant”), a unit of Seattle Bank, in the United States District Court for the Northern District of California (styled Mary Labrador v. Seattle Mortgage Co.), alleging, among other things, that Seattle Mortgage illegally paid fees to its mortgage brokers and overcharged borrowers on the cost of loan origination, including for reverse mortgage loans or home equity conversion mortgages sold to senior citizens, purportedly in violation of Housing and Urban Development (HUD) regulations, according to a class action lawsuit news report.
If You Have Thoughts On The Seattle Mortgage Reverse Mortgage Loan Origination Fee Class Action Lawsuit, Share Your Class Action Lawsuit Comments Below.
I want to know if my Uncle, Clarence Gilman, was taken advantage of by this company. He is in a home and has dementia. His neighbor is his loan officer, his executor, and has power of attorney. I’d rather not put his address, and hope you can find out by his name. I know he has a reverse mortgage and lived in West Seattle. He has a large bank account due to his reverse mortgage, and his neighbor says she must spend it down. I am in CA, but am trying to get up there.
Send me your email address.
I called Seattle mortgage (BofA) and wanted to know where I could sign up to the class action suite against them, was told they don’t know of any law suite period, so how do I sign up for the class action… Rich Fulton
email me and i will tell you where you can sign up for the class action, what state are you in
My Mom is in the same situation. Everything was fine with Seattle Mortgage handling the Reverse Mtg. Then, we received the letter from B of A, that they bought them out, I was so mad. I knew that we were going to have nothing but one charge, after another, when they got their hands, on those reverse mortgages.
How do I find out about the class that is filed, and who is handling it for these seniors. I take care of my 89 yr old mom and am not going quietly.
I started out my reverse mortgage with Seattle Mortgage and it was fine it was then sold twice and I ended up with BAC….the charges are through the roof and I am just about ending up with nothing… Is there any class action suit against them?
I started out my reverse mortgage with Seattle Mortgage and it was fine it was then sold twice and I ended up with BoA….the charges are through the roof and I am just about ending up with nothing… Is there any class action suit against them?
I was care giver for my grandmother with Alzheimer’s she took a reverse mortgage against my better judgment. It was with Seattle Mortgage and sold to B of A, the rates were insane I am suck with $122,000 of “interest and fees” on top of the original loan amount anyone know of a law suit please help!
email me at the address above and i can help you with the calss action, one is being started here in nevada. what state are you located in
if any one wants some info on a class action lawsuit that is being done to B of A or seattle mortgae email me at highland3185@netzero.net