Southern Atlantic Financial Services, Inc. v. Middleton
Supreme Court of South Carolina
1Opinion of the Court
Justice WALLER:
We granted a writ of certiorari to review the Court of Appeals’ opinion in Southern Atlantic Financial Services, Inc. v. Middleton, 349 S.C. 77, 562 S.E.2d 482 (Ct.App.2002). We affirm as modified.
FACTS
On June 25,1996, Donna Middleton entered into a note and mortgage with Petitioner, Southern Atlantic Financial Services, to borrow $186,000 to refinance her home. Four months later, in October 1996, Middleton brought suit against Southern, and the broker which obtained the loan, seeking a reduction in the stated interest rate from 11.99% to 8%. Middleton claimed the broker,…
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