Five clients who purchased homes from Chad Banken testified this week that the real estate broker deceived them by not properly disclosing the terms of their loans.
Banken’s attorney, Jack Pierce, countered these arguments by showing the jury emails and purchase agreements Banken sent to the buyers disclosing the terms of their home loans. The documents included a chart showing three pricing options and information about how paying a bigger down payment would lead to a lower total cost.
Three members of a Somali family who bought a large Lakeville home from Banken in 2022 testified earlier this week. Banken evicted the family from the home in 2023. At one point, Pierce went over the chart of pricing possibilities that Banken had sent the family before they bought the home…