Truth-In-Lending-Act Violation Pushes Consumer To Cry For Public Help

Released on = May 8, 2007, 3:53 pm

Press Release Author = Pierre R. Augustin

Industry = Law

Press Release Summary = The Art of Law: Timely legal objections and defenses ignored
by Chase Home Finance And Deuthsche National Trust.

Press Release Body = LOWELL, Mass. --- When Pierre Augustin of Lowell,
Massachusetts, became a victim of predatory lending, he did not immediately
recognize the impact his story was likely to make in the lending industry.

\"A gross injustice and a violation of all notions of public policy is set to trample
the spirit of the law. Unequivocally, to allow foreclosure proceedings to proceed
any further will not only violate the equal protection principle but disregard the
notion of the pledge of allegiance of the United States of America Pledge which
states, \'One nation under God, indivisible, with liberty [and justice for all]\',\"
said Augustin.

Augustin, who uncovered during the course of his bankruptcy proceedings (Case#
05-46957, Bankruptcy Court, Worcester, Massachusetts) negligence and falsitudes in
his mortgage application, has timely and legally invoked the Truth-in-lending Act
(TILA) right of rescission pursuant to 15 U.S.C. 1635 and M.G.L. c. 140D 10(f) and
260 5A 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, who are not on equal footing with lending institutions such as Chase
Home Finance or Deuthsche Bank National Trust - powerful corporations with unlimited
budgets and which are represented by savvy lawyers such as those providing
representation, from Partridge, Snow and Hahn, LLP, Providence, Rhode Island, Tel.
(401) 861-8293.

According to TILA, the mortgage on Augustin\'s property is considered void and
unenforceable upon rescission. Despite Augustin\'s vigorous legal objections and
defenses, Chase Home Finance & Deuthsche Bank National Trust are moving forward with
an illegal and fraudulent foreclosure action, clearly improper and immoral (Case#
06-10368, Federal District Court of Massachusetts, Boston, Massachusetts).

\"There are those who are determined to violate and to usurp the law to achieve their
aim of stripping away my home illegally and fraudulently,\" states Augustin. \"Silence
is consent - by their inaction, the lenders\' lack of response to my letter of
rescission - the lenders confirmed my action. By wielding their vast resources
against me, they disclose their unwillingness to admit their intential participation
in systematic fraudulent operations is at best outright apallling.\"

Augustin\'s emergency request and alert to the public and public officials seeks to
stop Chase Home Finance and Deuthsche Bank National Trust since all other remedies,
reasonable and good faith efforts have failed. An auction sale is scheduled on May
16, 2007 and will be irreversible, rendering any subsequent and pending legal
actions moot. Pierre Augustin can be reached at 617.202.8069. Visit
http://rcxloan.com/Civil_Action__BK__Motion_14.htm to learn more.


Web Site = http://www.rcxloan.com/News_Releases

Contact Details = Pierre Augustin, rcxloan.com
28 Cedar Street, Lowell, MA 01852
PHONE. 617-202-8069, FAX. 877-753-3152
EMAIL: hdmhos@aol.com | http://rcxloan.com/Civil_Action__BK__Motion_14.htm

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