Second: The assertion is made that there was fraud in the inducement in all of these loans, in that there is an implied duty of dealing in good faith in all contracts that was violated by the banks that made knowingly bad loans – which we now have sworn testimony on. While this is not settled by any means, there is currently pending litigation on this point, and if this approach wins, well, then you go – those contracts are voidable. . . . → Read More: What is foreclosuregate?
 Leave a comment  Cleveland short sales  Allegation, Assertion, Audio Interview, Cincinnati Law, Contracts, Couple Of Minutes, Economic Damage, Economic Interest, Fraud In The Inducement, Good Faith, Koh, Lenders, Line Of Inquiry, Litigation, Market Ticker, Mathematics, Mers, Mortgagee, Pay Attention, Testimony Congress recently extended the 8000 first time homebuyers tax credit deadline from the end of November to buyers who sign contracts by the end of April 2010. In addition to this buyers who have owned a home for atleast 5 years are eligible for a reduced tax credit of up to 6500. The tax . . . → Read More: Great news for short sale sellers- Obama signs tax credit extension and expansion Leave a comment Uncategorized Advantage Credit, Bank America, Bank Of America, Congress, Contracts, Expiration Date, Financial Impact, Good Time, Great News, Holiday Market, Holidays, Houses, Negotiation Period, Sell House, Sense Of Urgency, Signs, Tax Credit, Tax Credits, Tax Extension, Time Homebuyers |
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