Court: Real Estate Losses Can't Be Traced To Lender's Conduct

Court: Real Estate Losses Can't Be Traced To Lender's Conduct

LOS ANGELES - A real estate investor lacks a causal connection between a lender's allegedly deceptive conduct in the neighborhood and the resulting decrease in his property values, a California appeals court held Sept. 26 in affirming dismissal of an unfair competition law (UCL) claim (Zeev Levavi v. Bank of America, N.A., et al.,  No. B234760, Calif. App., 2nd Dist.; 2012 Cal. App. Unpub. LEXIS 7070).

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