Quantcast

Tag Archives: Banking

‘Gimmick’ with money order didn’t satisfy mortgage (access required)

Where a mortgagee had an undisputed outstanding principal balance of $60,000, his tender of a $890 money order with the words “tendered as full satisfaction of the claim” inscribed in tiny, nearly indecipherable handwriting at the bottom and the mortgage ...

Read More »

Homeowners can’t demand production of original note (access required)

Homeowners cannot demand that the defendants produce the original note for inspection because such a demand is contrary to Virginia’s non-judicial foreclosure laws. In addition, the homeowners lack standing to contest the assignments of the deed, the appointment of substitute ...

Read More »

Blind man, not a member, lacks standing to sue credit union website (access required)

A blind man who complained that the website of the Department of Labor Federal Credit Union was not accessible to the disabled lacked standing to sue because he was not a member. Background The Department of Labor Federal Credit Union ...

Read More »

Important Opinions January – December 2018 (access required)

impops18_fea

The “Important Opinions” that appear each week on the front page of Virginia Lawyers Weekly are those chosen by our editors as the most likely to impact law practice or a given subject area of law. Below is a listing, ...

Read More »

Homeowner’s suit against lender barred by statute of limitations (access required)

The circuit court correctly held that a homeowner’s breach of contract claims against his lender accrued when his debt was accelerated prior to foreclosure for statute of limitations purposes. Background In 2009, Dennis Kerns borrowed money from a mortgage lender ...

Read More »

EDVA: Widow’s foreclosure claims don’t show breach of contract (access required)

A plaintiff allegedly trying to assume the loan obligations on a home owned by her late husband did not plausibly allege facts to support her breach-of-contract claims against the lender. The entity that conducted the foreclosure sale was dismissed as ...

Read More »