Sabatini and Associates, LLC Attorneys at Law :: Newington :: Hartford :: Connecticut

Massachusetts’ highest court voided foreclosures on two homes because the banks that tried to take title failed to show they held the mortgages at the time of foreclosure. The ruling by the Supreme Judicial Court on Friday upheld a lower court ruling against U.S. Bancorp and Wells Fargo & Co.  The ruling should have an effect on other foreclosure cases where the banks paperwork specifically with regards to establishing the owner of the mortgage is not legally adequate.

The law firm of Sabatini and Associates, LLC was recently retained in a corporate dispute between a minority member and the Limited Liability Company. The firm represents the minority member who is being forced out.

A class action lawsuit has been filed against Chase Bank USA, N.A. after the credit card issuer more than doubled minimum monthly payments and imposed an “Account Service Charge” on customers who had accepted its fixed-rate balance transfer offers.

The class action complaint alleges that Chase induced preferred customers to take out sizable balance-transfer loans by offering 2.99% to 4.99% promotional rates that would remain fixed for the life of the loan. It is alleged that after soliciting these long term loans – and charging transaction fees of up to 3% of the loan amount – Chase implemented a “forced loan modification program” to coerce consumers to surrender the benefit of their fixed promotional rates.

Chase has recently notified customers that unless they pay off their entire loan balance within 30 days or accept a higher annual rate, Chase will more than double their required minimum monthly payment and charge a $10 fee for each month that the loan remains outstanding.