Question
1.Claudia Aceves borrowed $845,000 from U.S. Bank to buy a home.Less than two years into the loan, she could no longer afford the monthly payments.The
1.Claudia Aceves borrowed $845,000 from U.S. Bank to buy a home.Less than two years into the loan, she could no longer afford the monthly payments.The bank notified her that it planned to foreclose on her home.(Repossess and sell the property to recoup the loan amount).The bank offered to modify Aceves's mortgage if she would forgo bankruptcy.In reliance on the bank's promise, she agreed.Once she withdrew the filing, however, the bank foreclosed and began eviction proceedings.Aceves filed a suit against the bank for promissory estoppel.Can Aceves succeed in her claim?Why or why not?
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