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Home / Opinion Digests / Consumer Protection – TILA – Equitable Mortgage – Purchase Option (access required)

Consumer Protection – TILA – Equitable Mortgage – Purchase Option (access required)

Homeowners’ sale of their Norfolk home to an investor, who allowed them to stay in the property and with whom they executed an agreement giving them an option to buy the home back within 13 months, did not create an “equitable mortgage” under Virginia common law that required the lenders to comply with the federal ...

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