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Real Estate & Property Law

: The Home Equity Theft Reporter

Bank Liable For $400K For Failing To Disclose Contamination Of Property Sold To Local Couple

By r morris

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In Kalkaska County, Michigan, the Traverse City Record Eagle reports:A Kalkaska County jury ordered a local bank to pay a Williamsburg couple $400,000 after the bank allegedly failed to disclose contamination on property the couple purchased. Larry and Theresa Lelito bought a 5-acre parcel on M-72 just west of Kalkaska from Alden State Bank in December 2003. The Lelitos later discovered it was

Full post as published by The Home Equity Theft Reporter on January 01, 2010 (boomark / email).

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