Florida Supreme Court to Address Foreclosure Fraud | ROMAN PINO vs THE BANK OF NEW YORK
This is extremely big news all! First some background… Case involving alleged foreclosure fraud headed to Florida Supreme Court A South Florida homeowner who is fighting a mortgage foreclosure could end up reshaping state law. An appeals court on Wednesday asked the Florida Supreme Court to consider Roman Pino’s case as a matter of “great … Read more
llinois Supreme Court forms Foreclosure Commission to Investigate the “Fairness” of Mortgage Foreclosures
Illinois’ top court forms foreclosure commission The Illinois Supreme Court on Monday announced the formation of a special committee to investigate the fairness of mortgage foreclosures in Illinois and perhaps change the rules that govern the process. Among the areas to be investigated are the different rules and procedures concerning how foreclosures are handled in … Read more
NFHA Report | Here Comes the Bank, There Goes Our Neighborhood – How “Lenders” Discriminate in the Treatment of Foreclosed Homes
Here Comes the Bank, There Goes Our Neighborhood – How “Lenders” Discriminate in the Treatment of Foreclosed Homes EXECUTIVE SUMMARY Discriminatory practices rampant in America’s housing market have driven our nation’s foreclosure crisis. Already, a robust body of research has revealed that African-American and Latino borrowers received a disproportionate share of highcost subprime loans, often … Read more
Maine | Letter to Senator Hastings and Representative Nass RE: HP 128, LD 145 Requiring the Foreclosing Entity to Provide the Court with Original Documents
“A photograph of the promissory note is no more valid or sufficient than a photograph of the mortgaged house. If it is sufficient for the bank to produce a photocopy of the note, it ought to be sufficient for the homeowner to satisfy the foreclosure judgment by producing a photograph of the property.” ~ PETRUCCELLI. … Read more
Can Public Nuisance Law Protect Your Neighborhood from Big Banks?
Can Public Nuisance Law Protect Your Neighborhood from Big Banks? Kermit J. Lind Cleveland State University Suffolk University Law Review, Vol. 44, No. 4, p. 89, 2011 Abstract: One manifestation of the mortgage crisis of the past decade is the destabilization of housing markets and neighborhoods where mortgage defaults were concentrated. As banks and their … Read more
FL 5th DCA | Foreclosure Judgement Reversed SHAKIL KHAN AND DINA KHAN v BANK OF AMERICA
Shakil and Dina Khan appeal a final summary judgment of foreclosure entered in favor of Bank of America, N.A. We reverse. In its amended complaint to foreclose a mortgage on the Khans’ home, Bank of America alleged that it was the owner and holder of the note and mortgage. However, the copy of the note … Read more
Suit Says JPMorgan Chase Broke Its Duty to Clients
JPMorgan Accused of Breaking Its Duty to Clients By LOUISE STORY In the summer of 2007, as the first tremors of the coming financial crisis were being felt on Wall Street, top executives of JPMorgan Chase were raising red flags about a troubled investment vehicle called Sigma, which was based in London. But the bank … Read more
White Paper | The Case Against Allowing Mortgage Electronic Registration Systems, Inc. (MERS) to Initiate Foreclosure Proceedings
“MERS is currently a plaintiff in as many as forty percent of pending foreclosure actions in some locales. This Note argues that foreclosure actions brought in MERS’s name, without joining the real party in interest, are unlawful. Furthermore, this Note reveals how granting standing to MERS in foreclosure actions threatens to undermine the protections for … Read more
