Stiff penalty for early mortgage payoff

Can borrower's lawsuit get WaMu to refund prepayment fees?
Published on Aug 8, 2007

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by CareyBot

In July 2003, Mitchell Weiss and others borrowed approximately $5.2 million at 5.33 percent interest on a 10-year promissory note from Washington Mutual Bank. The loan was secured by Los Angeles and Beverly Hills buildings. Before signing the loan documents, ...