Legal News
FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Allegations of inflated appraisal at core of case against lender, appraisal company
|
A U.S. District court considered a motion to dismiss claims of predatory lending and fraud against Quicken Loans, where a borrower alleged the company had ordered inflated appraisals and embroiled him in a loan in excess of the true value of his home.
The court granted Quicken Loan’s motion to dismiss allegations involving the unauthorized practice of law; fraud and conspiracy; and joint venture, conspiracy and agency, but denied the motion to dismiss as to predatory lending, saying the plaintiff had stated a plausible claim for unconscionability.
|
TO READ THE FULL STORY
|
|

|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories