H/T Home Equity Theft

State Journal-

In a strongly-worded judgment, an Ohio County circuit judge granted a Wheeling homeowner $3,500,000 in punitive damages against Quicken Loans after the state Supreme Court determined the company fraudulently promised the homeowner could refinance her loan and fraudulently concealed an “enormous” balloon payment.

The case started when Lourie Brown and her daughter Monique purchased a duplex in 1988 for $35,000. When Lourie died in 2002, Monique became “solely responsible,” the state Supreme Court opinion states.

Deciding to refinance the project, Brown alleged the loan was higher than the price she expected on the Internet pop-up ad she had seen earlier. Although the property was deeded to her daughter, Brown later obtained the title and continued with the loan process.

[STATE JOURNAL]

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