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In re Dixon-Ford

United States Bankruptcy Court for the District of New Jersey

2011 WL 6749083 (2011)

Relevant factsFree

Dixon-Ford (plaintiff), whose loan officer at Weichert Financial Services (WFS) (defendant) allegedly inflated her stated income and altered her employment verification form to qualify her for a larger mortgage, later defaulted after her loan was securitized into a trust with U.S. Bank (defendant) as trustee; she sued U.S. Bank, Weichert (defendant), and WFS for fraud, and U.S. Bank moved for summary judgment claiming holder-in-due-course status immunized it from her claims, while Weichert and WFS separately moved for summary judgment.

IssueFree

Whether a holder of an instrument is a holder in due course only if the holder took the instrument in good faith.

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