Graham v. Bank of America, N.A.

Opinion

McConnell, P. J.—

INTRODUCTION

Marvin B. Graham borrowed money to purchase a house in 2004. Approximately seven years later, he defaulted on his loan and received a notice of sale. Graham filed this action to halt foreclosure proceedings and to cancel the note. He contends “defendants’ Lending Personnel” 1 made fraudulent misrepresentations or omissions by stating the appraised fair market value of his home in 2004 was “increasing” and that the loan was “good for [him],” while allegedly knowing the appraisal was “outrageously speculative.” Taking issue with industrywide mortgage banking…