PIAZZA vs CITIMORTGAGE | Nevada Supreme Court – Lenders Must Have Foreclosure Papers to Foreclose

Nevada court: Lenders must have foreclosure papers

(AP) LAS VEGAS — A pair of Nevada Supreme Court rulings requiring mortgage lenders to produce all required foreclosure documents before repossessing a house won’t establish a new legal standard because they rely on state high court opinions issued last July, a court official and a lawyer involved in the case said Tuesday.

In unanimous rulings Friday in the state hardest hit by foreclosures during the Great Recession, the high court ruled there was insufficient documentation for separate foreclosure cases involving Carl Piazza and lender CitiMortgage Inc. in Las Vegas, and Caroline Karl and lenders including HSBC Bank USA in Reno.

The court sent Piazza’s case back to Clark County District Judge Donald Mosley, who had determined that lenders produced enough documentation to foreclose, and Karl’s case back to Washoe County District Judge Patrick Flanagan.

“It does not appear that the District Court reviewed the assignments presented by CitiMortgage to ensure they were in strict compliance,” the court said in the Piazza order.

“The record lacks clarity as to whether HSBC provided all the proper documentation,” the seven justices said in the Karl order.

Rest here…

Copy of the opinion below…





4 Responses to “PIAZZA vs CITIMORTGAGE | Nevada Supreme Court – Lenders Must Have Foreclosure Papers to Foreclose”
  1. lvent says:

    CNBC..KUDLOW reporting OBAMA BOMBSHELL MORTGAGE BAILOUT….! Obama says…RESPONSIBLE HOMEOWNERS SHOULDNT HAVE TO WAIT FOR RELIEF….!! What an effing ARROGANT REMARK!!! Kudlows guest said some are calling it a POISON PILL…!! I AGREE! They are still kicking the can down the road…! The UNSUSTAINABLE Wall Street Bankster DEBT is a POISON PILL FOR THE ENTIRE COUNTRY…..!!

    • lvent says:

      Kulows pissed about the Fed devaluing the dollar and feeding Wall Street zero interest money…Kudlow said he doesn’t blame BERNANKE..so the truth trickles out..Bernanke is just a puppet for the PLUTOCRATS..who are the 1%…

  2. readdocs says:

    Well how’s that for voting ‘present’.

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