Mortgages sold at inflated values 483
April 6th, 2012 
admin Premises liability is another area of San-Diego-Personal-Injury-attorney.com
Bank of America v Superior Court 198 Cal.App.4th 862 (2/3) (2011) Plaintiffs claimed defendant Countrywide fraudulently concealed scheme of selling pooled mortgages at inflated values. San-Diego-Auto-Accident-lawyer The scheme’s collapse “led to devastated home values.” Demurrer overruled, certified, CCP § 166.1, and writ issued. [1] No separate duty to disclose intent to commit a tort apart from the duty involved with the tort itself. Countrywide did not have duty to disclose to borrowers an intent to defraud investors. [2] Where all homeowners suffered decline in value, whether they borrowed from Countrywide, another lender, or not at all, no possible nexus of causation. San Diego personal injury attorney