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Real Estate & Property Law

: The Home Equity Theft Reporter

Bank F'closes After Double-Cross Dupes Homeowner Into Abandoning Bkptcy Filing; Court Nixes Voiding Sale, But Says Estoppel, Fraud Claims Can Proceed

By r morris

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The following facts, as alleged in a lawsuit by a foreclosed homeowner, are taken from a recent court ruling from a California Appeals Court:Homeowner, a married woman, obtained an adjustable rate loan from a bank to purchase real property secured by a deed of trust on her residence.About two years into the loan, she could not afford the monthly payments and filed for bankruptcy under chapter 7

Full post as published by The Home Equity Theft Reporter on January 30, 2011 (boomark / email).

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