False credit history 485

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Vaca v Wachovia Mortgage Corp. 198 Cal.App.4th 737 (4/3) (2011) H and his mother created false credit history for his three minor children and then using that history, he purchased two properties, with mortgage from defendant banks (2001). Fraud discovered in 2004. San-Diego-Auto-Accident-lawyer Children’s trustee sued H and mother, June 2005, and sued banks in July 2009, alleging banks knew of Fraud and thus charged higher interest rates “to unjustly enrich themselves.” During first case, trustee had many contacts with banks, seeking assistance from them. Demurrer sustained, affirmed. [1] Continuing wrong doctrine inapplicable where alleged wrongdoing was in making loans, discrete events. Continuing injuries do not delay running of statute of limitations. [2] No equitable estoppel for claimed defendants’ concealing their identities, where trustee knew identity at least by 2007, well before the statute of limitations ran. Claimed concealment did not prevent trustee’s timely complaint. (Note distinction between equitable tolling and equitable estoppel.) San Diego personal injury attorney

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