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Home / Opinion Digests / Defaulting Borrowers State Fraud Claim (access required)

Defaulting Borrowers State Fraud Claim (access required)

The Richmond U.S. District Court holds plaintiff borrowers state a claim for fraud based on a lender employee representation that paying $8,000 would stop foreclosure, but their fraud claims based on subsequent statements and contract claims are dismissed. In 2005, borrowers secured a mortgage with bank for their residence; the deed of trust appoints an attorney ...

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