Bankruptcy – Mortgage Assignment – Loan Payment – Contract
By Deborah Elkins
Published: October 13, 2008
Debtors whose home mortgage loan went into default and foreclosure after their original lender, instead of forwarding debtor’s mortgage payment on to the new owner of the loan, simply refunded it without explanation to debtors, may not sue for negligence and breach of fiduciary duty a Roanoke U.S. Bankruptcy Court holds.
It is clear that both ...
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