I have found a couple of class action cases pending.

One for stockholders, and one for overtime workers.

I have not found anything for advertising, but will need to look into FTC complaints.

Is the proper legal name your mortgage is with is American Home Mortgage Investment Company?

Cheers

Hello,

This company has a number of subsidiaries. What is the name of the company you ended up contracting with. ( I need the name that includes Corporation, Incorporated, Limited etc at the end).

Further the first paragraph of the mortgage contract may say something like.

WHEREAS American Home Mortgage Investment Company, a registered Corporation in Delaware, with a principle place of business at....

I need the State they are incorporated in, and their full name, and address as listed on your contract

Thanks

Hello,

I can not find a class action for deceptive practices, and I am not sure that is the best way to go.

The FTC has been getting irritated about the deceptive practices. Notice this HERE from the FTC site.

My suggestion is two fold.

First contact the FTC at the above link and contact details and ask them if there is any complaint open, previously open, or supportive of your concerns. (there may be that has not been published)

The have settled 21 complaints, and those settlements could give you ammo you need from a Class Action perspective.

Keep in mind, that there are HUGE banks going after the assets of AHM, that may not be protected by the Chapter status they have filed. That is because of the way AHM and the banks structure their commercial paper dealing with a large volume of loans etc. Often there are emergency strategies if bankruptcy is filed. So the asset pool for class action will be limited.

The other way to go about this is solely on the contract, and the misrepresentation. The major hurdle you need to get over is the clause in your contract that says something like a "This Agreement constitutes the entire agreement between the Parties pertaining to the subject matter hereof. There are no oral warranties, representations or other agreements between the Parties in connection with the subject matter hereof except as specifically set forth or referred to in this Agreement. For the sake of clarity no prior oral, written, or implied promises, covenants, or obligations not expressly provided for herein shall form any part of this Agreement."

You will need to prove that they used manipulative tactics to get you to sign the agreement, did not highlight the balloon payments etc, and prevented you from getting a lawyers advice.

Tell me your thoughts on the above. If you need more help let me know and I will be glad to assist.

Regards!