Lawsuit filed Wachovia Bank
Circuit Court Sarasota, Fl
12 days left to answer complaint
Line of Credit May 2007 25K
Defaulted May 2008 amount 25K
Primary Obligor: My Company
Personally...home is in foreclosure, investment
, retirement, and savings depleted, credit cards maxed. Family of 5 meets low income guidelines.
Questions. If I close the business, which is not making much money, what ramifications might there be?
Is there a possible argument/defense due to poor loan practices
of Wachovia, which led to their failure?. Said another way...If my loan application was evaluated properly, a line of credit might not have been offered.
What "ownership/responsibility" might they bare if their loan practices were faulty?
Do they need to produce the original application? Can I request it?
Want to regain financial stability without a a possible 20 year judgment on my shoulders. Thank you. Warmly, Marlene