1/12/09

Successful rescission case on appeal

Option One and Wells Fargo have appealed the ruling of the U.S. Bankruptcy Court whereby the home mortgage loan obtained by Ernest and Kathleen Jaaskelainen from Option One in 2005 was rescinded and declared to be an unsecured debt. The appeal will be heard in the first instance by Judge Rya Zobel of the U.S. District Court. Quat Law Offices represented the Jaaskelainens at trial, and is handling the appeal as well.