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Home / Opinion Digests / Business Law / Debtors Have Counterclaim for Fraud (access required)

Debtors Have Counterclaim for Fraud (access required)

In this action by a substitute trustee to collect the balance on debts owed by defendants on 12 loans in the wake of foreclosures by the substitute trustee, the Norfolk Circuit Court says defendants have stated counterclaims for actual and constructive fraud based on alleged in­tentional misrepresentations as to a loan payoff amount, but dismisses ...

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