Posted on 16-08-2007
First Magnus Financial Class Action Watch
Filed Under (Mortgage) by admin

First Magnus Financial stop lending this morning in an abrupt announcement. First Magnus Financial is Tucsons biggest lender and it is unclear what the hell happen for First Magnus Financial to cease lending this way.

First Magnus Financial Class Action Watch, I would keep my eye on First Magnus Financial because a lender does not do this, especially one that has been around for as long First Magnus Financial has been.

Usually when a lender like First Magnus Financial stops lending this quick there is something way wrong and one must wonder how are all the borrowers this company been affected so a class action lawsuit might be somewhere down the line because of the amount of numbers that First Magnus Financial must have as affected borrowers.

If you are a First Magnus Financial borrowerer that has been or will be affected by this action to day, call your attorney or find legal counsel to see what rights you may have.

This is why to day we put First Magnus Financial On Class Action Watch

First Magnus Financial is Tucsons largest mortgage lender and has been a significant employer in the Tucson area.

First Magnus Financial has not yet actually discussed what went wrong but something huge must of happen because a lender of this caliber does not just wake up in the morning and closes it’s doors.

“Nearly all the people that I care about in this world have relied on this great company to raise their families and grow professionally,” Lutz, the president and founder of Great Southwest wrote.

“While many of the questions that you will have I cannot answer tonight, I wanted to give each of you some time to call your people before that notice goes out.”

Bu.bulicio.us not only feels bad for all the borrowers who will be getting caught up in this but also as one of our readers has mentioned in our comments,

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Comments

First Magnus Financial Another One Bites The Dust on 16 August, 2007 at 10:36 am #

[...] First Magnus Financial is the new one in the now seemly long list of lenders that just can not under write loans anymore. First Magnus Financial announced that starting today the will not be writing any more paper. [...]


Voyager on 16 April, 2008 at 9:38 am #

Hello, you have on your search?
A very uncomfortable all the time to search for information manually.


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