Bonilla v. Yale Mortgage Corp.

Julia E. Bonilla (“Bonilla”) appeals from a final summary judgment of foreclosure entered in favor of Yale Mortgage Corporation (“Yale Mortgage”), and from the denial of her motion for rehearing. Based on the record before us, we reverse the denial of the motion for rehearing, and instruct the trial court to vacate the final summary judgment and allow Bonilla to respond to the complaint on the merits.

In the fall of 2007, Bonilla and Yale Mortgage entered into a mortgage loan transaction in the amount of $140,000, at an annual interest rate of 11.99%. After Bonilla failed to make a single…