Court Rejects Equitable Mortgage Claim At Trial.

On September 28, 2011, DeBlasio Law Group, LLC obtained a trial victory for a real estate investor client who was sued under the Illinois Consumer Fraud Act, the federal Truth in Lending Act and, among other claims, a claim for quiet title seeking to impose an equitable mortgage on a real estate transaction involving the sale of a home in foreclosure.  The DuPage County court granted our client’s motion for a directed judgment at trial on all claims at the close of plaintiffs’ evidence, and entered judgment ordering that possession of the property be given to our client along with over $79,000 in past due rent payments.