November 2010

California Court of Appeal for the First Appellate District held that home loan borrowers could not state a cause of action for fraudulent misrepresentation or concealment against a lender, because a borrower is not entitled to rely upon a lender’s knowingly false determination that the borrower is qualified for a loan in order to decide if the borrower could afford the loan.
Continue Reading A Lenders’ Loan Approval Is Not An Implied Promise That The Borrower Can Afford The Loan