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On appeal, was title company aware of fraud?
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Court Report
Wednesday, October 18, 2017
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After purchasing properties in a Florida condominium complex, expecting it to be an investment deal, the borrowers later discovered they were liable for homes that were closed as residential properties and secured with equities in their Illinois homes as capital.
The borrowers sued the mortgage broker and the title company, claiming civil conspiracy and in-concert liability. The trial court dismissed all of the borrowers’ claims, and the borrowers appealed.
Read on to find out whether the Illinois appellate court found material questions of fact in the case that would allow a reversal of the trial court’s ruling.
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