Predatory Lending Violations Pushes Consumer to Seek Equal Justice Under The Law

Lowell, Mass. --- When Pierre Augustin of Lowell, Massachusetts, became a victim of predatory lending, he could not have foreseen that his timely legal objections and defenses to stop an illegal and fraudulent foreclosure action would be ignored by Chase Home Finance.

“An impatient beneficiary under a will murder the testator. Should he be permitted to inherit?”
That quotation is “drawn from the New York Decision of Riggs v. Palmer in 1899. The will in question was validly executed and was in the murderer’s favour. But whether a murderer could inherit was uncertain: the rules of testamentary succession provided no applicable exception. The murderer should therefore have a right to his inheritance. The New York Court held, however, that the application of the rules was subject to the principle that ‘no person should profit from his own wrong’. Hence, a murderer could not inherit from his victim.”

Likewise, Chase Home Finance [cannot be allowed] to profit from the Predatory Lending practices that it inherited from New Century Mortgage and to continuously defying, trampling and usurping the rule of law said Mr. Augustin. The above mentioned quotation substantiate what Mr. Augustin’s has been arguing in his pleadings and motions (Case# 06-10368, Federal District Court & Case# 07-1705, First Circuit of the Court of Appeals of Boston, Massachusetts). Incidentally, the original mortgage lender was New Century Mortgage Company, then assigned the mortgage to Chase Home Finance, has filed for bankruptcy and could “cost as many as 2 million American families their homes” by making bad loans with “obviously inflated housing appraisals or exaggerated homeowner incomes”.

Augustin, who uncovered during the course of his bankruptcy proceedings (Case# 05-46957, Bankruptcy Court, Worcester, Massachusetts) has timely and legally invoked the Truth-In-Lending Act (TILA) right of rescission pursuant to 15 U.S.C. §1635 to protect his property rights. TILA is a remedial statute, enacted by Congress, designed to protect and to defend consumers’ property rights such as Augustin’s. The law firm providing representation to Chase Home Finance or Deuthsche National Trust Company is Partridge, Snow and Hahn, LLP, Providence, Rhode Island, Tel. (401) 861-8293.

Augustin is alerting the public and public officials in order to stop Chase Home Finance and Deuthsche Bank National Trust since all other remedies, reasonable and good faith efforts have failed. The auction sale has been postponed and is now scheduled on May 23, 2007 and will be irreversible, rendering any subsequent and pending legal actions moot. Pierre Augustin can be reached at 617.202.8069.

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Pierre R. Augustin

CFE

RCxLOAN.com

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