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Real Estate & Property Law

: The Home Equity Theft Reporter

Federal Suit Says Wells Fargo Illegally Cut Illinois Homeowner's HELOC; Class Action Status Sought

By r morris

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In Chicago, Illinois, Reuters reports:An Illinois homeowner accused Wells Fargo & Co, the largest U.S. mortgage lender, in a lawsuit of summarily cutting home equity lines of credit by undervaluing customers' houses. In a federal lawsuit filed in Chicago on Wednesday that seeks class-action status, homeowner Michael Hickman accused the bank of using "dubious" computer models that systematically

Full post as published by The Home Equity Theft Reporter on August 24, 2009 (boomark / email).

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