Associates Financial Services of Am., Inc. v. Allstate Ins.

By Judge Charles E. Poston

This case comes before the Court for trial on stipulated facts. For the reasons discussed below, the Court grants judgment to the plaintiff.

Oscar R. Wachter purchased a residence at 13484 Rock Lane in Milford, Virginia, and he executed a deed of trust on this property to secure the purchase loan he obtained from Associates Financial Services of America, Inc. (“Associates”). At about the same time, Wachter applied to Allstate Insurance Company for a homeowner’s policy covering the property. In the policy application, dated June 12, 1997, Wachter denied that he had…