Reeder v. Specialized Loan Servicing, LLC (2020)
Plaintiff alleged that before he entered into a HELOC in 2005, the lender orally promised him that its maturity in ten years, the lender would refinance the loan or extend its term. The lender didn't and foreclosed instead when the plaintiff didn't repay all amounts due at maturity of the loan. Held: (1) The statute of frauds barred plaintiff's breach… Read More