Sending shock waves through the mortgage industry, the Seventh Circuit Court of Appeals in Chicago has ruled that a homeowner who was denied a permanent loan modification under the federal government’s Home Affordable Mortgage Program (HAMP) could sue Wells Fargo for breach of contract, common law fraud and the Illinois Consumer Fraud & Deceptive Business Practices Act, among other claims. To view the 7th Circuit’s March 7, 2012 ruling, which reversed the district court’s dismissal of the case, click here Wigod v. Wells Fargo Bank 7th Cir. Mar. 7 2012.
DeBlasio Law Group has extensive experience in federal and state court involving claims of breach of contract, common law fraud and consumer fraud, and in real estate litigation. For more information, visit our website at www.DGLLC.net/contact.