6 posts shown.
I just finished my hearing in civil court, and the plaintiff—the bank—didn't even ask to have my personal banker testify. I won at the trial level, and now I'm waiting for the appeal process to kick off since the bank decided to challenge the ruling. My guess is that they can't suddenly request to hear from the banker now, and that shouldn't be grounds to overturn the initial judgment, right?
Jeremy Lee3 said:Oh sure, because clearly we have nothing but geniuses on the bench here. Why bother listening to anyone when everything is just perfectly obvious on paper, right?
But look, even after the Supreme Court dropped its ruling a year or two back, it’s still worth actually hearing out the prosecutor just to be safe. You don't want some appellate court throwing the whole case back in your face on appeal because they're still being stubborn about it.
A quick question for those of you (the lucky ones!) who have already received lawsuits regarding unconverted loans:
Once the court expert calculates the overpayment following the preliminary hearing, how long does it typically take for the judge to schedule the main trial?
Do I actually need to show up in person for the main hearing, or can my attorney handle everything on my behalf?
Lastly, do banks still consistently appeal first-instance rulings if they lose, or has that trend shifted toward them just paying out the requested amount to settle things quickly?
Thanks in advance for sharing your experiences!
Hi there! Does anyone happen to know what the typical percentage is that attorneys charge for representing clients in lawsuits regarding Swiss Franc Loans? This is specifically if the agreement is for the lawyer to be paid based on a percentage of the final settlement or judgment. Thanks!
I would truly appreciate it if anyone could share their personal experience and recommend a solid attorney in Washington, D.C. I’m looking for someone who might have availability the week after Easter; since I work out of state, I’m only in town occasionally. I want to move forward with a lawsuit regarding those unconverted Swiss Franc Loans. I already have all my documentation from the bank ready to go. As an AARP member, I received a list of attorneys, but honestly, I'm feeling a little lost on where to start. If you have a recommendation, please feel free to send me a private message so we can keep the Forum tidy. Thank you so much in advance to anyone willing to lend a hand with some advice.
placidmaker6 said:Released in May 2017, yet somehow paid off by January 2013??
My apologies, I had a bit of a slip of the pen there! What I meant was that I received the funds for my apartment from the bank back in May 2007, and I finished paying everything back (with plenty of interest to spare!) in January 2013.
Dear colleagues who also held a Swiss Franc Loan, I would love to ask for some advice. I had a variable-rate Swiss Franc Loan during an incredibly short and stressful period before I finally managed to close it out with a different loan (a Euro-based one through a local credit union with a fixed rate, which I am still paying off). Dealing with that old Swiss Franc Loan from Wells Fargo (I eventually paid it back to the heirs of JPMorgan Chase customers) cost me a fortune and even more peace of mind. Given recent court rulings, I’m hoping to recover at least a portion of those losses if it's possible.
The mortgage was for 106,000 CHF, taken out in May 2007 (the exchange rate was $1.50 per 1 CHF, meaning I received 479 $284, with an interest rate of 4.59%), and I paid it off early in January 2013 (the rate then was $2.00 per 1 CHF, meaning I paid back 667 $55, though my interest rate had gradually climbed to 5.80% during that time). My monthly payment rose from 542.77 CHF to 617.79 CHF. By my math, I ended up paying the bank at least 25,000 dollars more than what I originally borrowed, though I'll certainly seek a professional expert's calculation. To clarify, I settled the loan before the conversion options were even made available.
Do I have any grounds to sue the bank, and what are my chances of success? On what basis would be best to file a claim? Also, does anyone have a recommendation for a good lawyer in Washington, D.C., who specializes in these types of cases and works with reasonable fees (feel free to PM me)?
Thank you all in advance for any information, and please excuse me if this has already been covered extensively on previous pages.