Patrowicz v. Transamerica HomeFirst, Inc.
District Court, D. Connecticut
1Opinion of the Court
MEMORANDUM OF DECISION
KRAVITZ, District Judge.
This lawsuit arises out of a “reverse mortgage” between Defendant Trans-america HomeFirst, Inc. (“HomeFirst”), the predecessor in interest to Defendant Financial Freedom Senior Funding Corporation (“Financial Freedom”), and Gertrude Philibert dated July 29, 1996. Under a reverse mortgage, a borrower typically receives an initial lump sum and subsequent monthly payments secured by the equity in his or her residence, and the borrower is not required to repay any principal or interest until the occurrence of a defined maturity event such as the sale…
2Cases cited58 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
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- Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc.Supreme Court of the United States · 1985
- Migra v. Warren City School District Board of EducationSupreme Court of the United States · 1984
- Prima Paint Corp. v. Flood & Conklin Mfg. Co.Supreme Court of the United States · 1967
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