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Real Estate Law

Judge Dismisses Man's Vapor Money Theory Suit Against Mortgage Lender

ST. LOUIS - A Missouri federal judge on June 15 dismissed a lawsuit brought by a man who sought to be relieved of the debt on his mortgage loan based on a vapor money theory, finding that the deed of trust confirmed that the plaintiff obtained the loan and secured repayment to the lender (Michael J. Barnes v. Citigroup Inc., et al., No. 10CV620 JCH, E.D. Mo.; 2010 U.S. Dist. LEXIS 59140). Full story on