In the 1998 , brand new Colorado Constitution is amended to let home owners in order to willingly encumber their homesteads which have liens in exchange for extension from borrowing from the bank, we
Wilfredo RIVERA and you can Ines Del C. Rivera , Appellants v. Countrywide Mortgage brokers, INC. , Landsafe Assessment Properties, Inc. , and you may Shirley Burchett , Appellees .
Kirsten Yards. Castaneda , James M. Wortman , Robert T. Mowrey , Wear C. Clayton , Locke Lord Bissell & Liddell LLP , Dallas, Jennifer Pettit , Gay, McCall, Isaacks, Gordon, Could possibly get & Roberts, P.C. , Plano, to possess appellees .
Wilfredo and you may Ines Del C. , Landsafe Assessment Attributes, Inc. , and Shirley P. Burchett Oregon banks personal loans . Inside the nine points, new Riveras grumble the brand new demo judge erred for the granting summation view with the restrictions, giving zero facts moves for sumages, granting Burchett bottom line view on the Riveras’ allege away from fake misrepresentation, and you can awarding attorney’s costs to help you Burchett. We affirm partly and contrary and you may give partly.
age., “home security mortgage.” TEX. CONST. ways. XVI, 50 (a) (6) (A) – (Q) . ” TEX. CONST. artwork. XVI, 50 (a) (6) (B) .
The mortgage was to end up being secure by the its homestead. Countrywide contacted a part, Landsafe, to obtain an appraisal of the property. Landsafe consequently asked Burchett perform some assessment. Burchett appraised brand new reasonable market value of the property within $350,000 as of brand new closing date. Nationwide loaned this new Riveras $280,000, eighty % of one’s $350,000 reasonable market value assessment. On closing, the brand new Riveras gotten a duplicate out-of Burchett’s appraisal. These were and provided and you can signed a keen “Receipt as to Reasonable Market price regarding Homestead Property” claiming this new reasonable market price of the property as of the fresh closure date try $350,000. อ่านเพิ่มเติม
