A lending institution is suing over claims a loan application contained misrepresentations.

MortgageIT Inc. filed a lawsuit Dec. 11 in the Circuit Court of Cook County against David Walksler, citing fraud and fraudulent inducement.

According to the complaint, the defendant applied for a loan on July 14, 2005 and made material misrepresentations on his application, including stating he owned property individually when in reality he owned it as tenants in common.

MortgageIT asserts it would not have made the loan and accepted the mortgage if it was aware that Walksler did not own the property individually. Walksler's conduct, it contends, was willful and wanton.

The plaintiff is seeking at least $50,000 in damages, punitive damages and costs, and is being represented by Brian R. Zeeck and Yvonne C. Ocrant of Hinshaw & Culbertson LLP.

Circuit Court of Cook County Case No. 2013L014021.

This is a report on a civil lawsuit filed in the Circuit Court of Cook County. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.

More News