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It is irrefutable that behemoth lending institutions enjoy supreme bargaining positions in residential-loan transactions. The contracts of adhesion that memorialize these deals are indicia of this harsh economic reality. These contracts are tolerated and accepted under the assumption that the consumer understands what he or she is getting into. And of course, no borrower is under any obligation to borrow at all.
July 02, 2007 at 12:00 AM
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS