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Home / Opinion Digests / Rescission is available remedy to wrongful foreclosure claim (access required)

Rescission is available remedy to wrongful foreclosure claim (access required)

Where the Virginia Housing Development Authority bought plaintiff’s home at a foreclosure sale, he has stated a rescission claim by alleging the VHDA knew or should have known of an alleged deed of trust violation when it bought the home. Background The VHDA held the loan on plaintiff Kingsley Azubuike Ononuju’s home. Ononuju told the VHDA he ...