Finance Litigation - class action lawsuit against finance america?

class action lawsuit against finance america?

Just received a "Legal notice by order of the court" about a class action lawsuit against finance america for it's alleged practice of obtaining names and addresses. This seems to have happened between 2003 thru 2006. Can't find info on the net about this, anyone else receive this notice or know something about this?

Public Comments

When ever I get those "class action " lawsuits the tear them up in a million pieces it's usually some bored lawyer making a living off sueing bussiness.and I will not buy into that
The crazy cat lady is right, the dam lawyer gets millions and you get a coupon for 5 buck off your next purchase, tell the lawyer to shove it up his &&&. all this does is raise prices of just about everything.
I recieved the exact same thing and it seemed like a ploy... The only info i found , regarding it in any way on the net ,was your question....very suspect.
I received a copy of this too and there is a web site for information: http://www.fasettlement.com/CaseInfo.aspx. Quite honestly, I think this is a joke because the company violated my privacy and the only settlement proposal is that I can apply for a loan from them. They commit a violation and get business in return -- where's the equity in that?
I just located the address to this ATTORNEYS office..and found out the PHONE NUMBER that the so nicely left out of the brochure. Finance America is NOT offering a $$ settlement, they are OFFERING a mortgage loan at (they say) a better deal... I also noticed the link that MikeVeh posted... should be altered a little. (hope you don't mind..) the address is.. also posted below. I say it is a scam. When I called the actual Class Counsel I immediately received a recording... it was all about the law suite.. To me...honestly.. Finance America hired them to drum up business... Looks official... but is crap.
Looks like a very (low life) scam based solicitation. The one I received (Fisher vs Finance America) even included FTC information. Pretty Slick... Look at the following links, not Fisher, but Murray vs Finance America. Sounds very familiar, but a previous "Lawsuit" (yeah, right!) Another question to maybe post... Isn't this some sort of violation? Seems very deceptive. Search for Finance America on each of these: http://www.dltlaw.com/CM/Alerts/Alerts60.asp http://www.mortgagebankers.org/files/Conferences/2006/Reg_Compliane/LitigationUpdateOutline.pdf Jeez, what a Burch of Creeps! Good Luck... John
What we have here appears on first impression to be a court ordered and sanctioned loan solicitation for private profit, where instead of getting a monetary award the public will only get a "Settlement Loan" which you must fully qualify for. From the mailer it appears to be a benefit, but to us in the industry these loans would be possibly far more expensive than if you merely went elsewhere, perhaps 1.00% or more in rate !!! There is NO A.P.R. in the mailer. Either the court has been hoodwinked or is a part of selling real estate loans, either way this appears to be an ingenious marketing scheme where these lawfirms will reap HUGE profits. Write the Court and petition to throw out this 'settlement agreement' and replace it with everyone in the class getting $100.00 cash, and email and complain about this scheme to the US Dept of Justice, the Federal Trade Commission, and the State Bar of California and the court being used as a sales tool: 1) AskDOJ@usdoj.gov. 2) complaints@ftc.gov or call 1-877-FTC-HELP (382-4357) and they will give you a case number (most effective way) 3) CA Bar 213-765-1200 and ask to file a complaint with The Office of the Chief Trial Counsel I have filed the following with The FTC, feel free to cut and paste it: A class action has been certified in California in which the court ordered what amounts to a profit making real estate loan solicitation disguised as a 'settlement' Fisher v. Finance America, LLC Case No. SACV05-0888 CJC The only 'benefit' members of the class will get is to apply for a Real Estate loan with a company who's phone number rings back to the plaintiffs attorney. The loans offered appear to be at least 1.00% higher in rate than market pricing. The Judge appears to be a part of this business plan, which is rather reprehensible. On behalf of the public please intervene and file appropriate other-agency requests for investigation and affirmative relief, and file a motion with the court to dismiss the proposed settlement offer and replace it with a financial payment to all members of the class, and notify me of your actions and status. The court order was for a mailer to be mass mailed which does not state an Annual Percentage Rate as required by law and thus is in violation of law. Please post a warning on your website to the public.....thank you !