Editor's note: Robert Bruss is temporarily away. The following column from Bruss' "Best of" collection first appeared Sunday, March 26, 2006. In early August 2000, homeowner Nancy O'Brien received a marketing call from Aames Funding Corp. She expressed interest in refinancing her home and paying off $15,000 in credit card debt. Aames then arranged two mortgage loans for her to pay off the $83,492 first mortgage, consumer debt, property taxes, and transaction charges, for a total of $104,662. Purchase Bob Bruss reports online. On Aug. 31, 2000, O'Brien received a first mortgage loan for $79,500 from Aames. Associates Home Equity Services Inc. funded the second mortgage loan on Sept. 6, 2000, to bring the total loans to $104,662. The Aames loan included a Truth in Lending Act (...
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