J. Patrick Sutton Cases & Issues Blog

HAMP Trial Period Plan (TPP) Agreements May Violate the Texas Constitution in the case of Texas home equity loans

In the appeal of the federal district court dismissal of the Pennington class action, the plaintiffs whom I represent are arguing that HAMP TPP agreements violate the Texas Constitution's homestead provisions insofar as the TPP agreement creates an express schedule of payments that is insufficient to pay all interest and principal coming due each month. This blog post is a REDACTED, SUMMARY section of the plaintiffs' brief in Pennington. If you have a Texas home equity loan and made payments under a HAMP TPP agreement that put you further behind on your loan, you should read this material. I have removed all citations to case authority, representing a hundred hours of work, but if you have retained counsel and are facing these issues, have your lawyer get in touch with me.Content may continue . . .
J. Patrick Sutton Cases & Issues Blog