Affidavits Contradicted Borrower’s Fair Market Value Acknowledgement

Mealey's (December 21, 2021, 1:29 PM EST) -- NEW ORLEANS — A federal district court did not abuse its discretion in disregarding a borrower’s affidavits in a lawsuit seeking to halt the assignee of his home equity loan from initiating foreclosure proceedings because the district court correctly determined that the affidavits contradicted documents the borrower signed when he obtained the loan, a Fifth Circuit U.S. Court of Appeals panel ruled Dec. 17 in affirming....