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Court addresses TILA claims in change of mortgage terms
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Court Report
Monday, September 19, 2016
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A district court was asked to review a mortgage for an investment/rental property which originally was a primarly loan with a secondary mortgage, but which was changed to a single fixed-rate mortgage on the borrowers’ request. As the terms of the loan changed, however, the borrowers complained after they defaulted on the loan that they were tricked into signing a different mortgage than they expected. Read on to see how the court ruled.
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