News & Events

News & Events

10.12.2007

Devlin Quoted in Puget Sound Business Journal Mortgage Article

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John Devlin was quoted in the October 12 edition of the Puget Sound Business Journal in an article titled, “Legal need: Seattle gets lots of mortgage work without feeling market meltdown.” The article discussed the mortgage crisis happening in other parts of the country and how the legal work from that fallout is actually being handled by many Seattle-area law firms. In addition, the article discusses the most prevalent types of cases that attorneys have been handling. One such category involves borrowers suing lenders and brokers. According to Devlin: “In some cases, borrowers claim that brokers and lenders gave oral misrepresentations of critical details such as the terms of the loan. Even though the mortgage documents may accurately reflect all the terms, (borrowers) are saying the broker or closing officer said something different.”