Singh v. Bank of America: California Homeowner Bill of Rights Blocks BofA Foreclosure

Bank of America Stealing Homes

California Homeowner Bill of Rights Blocks BofA Foreclosure

A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a court injunction against two foreclosing parties: Bank of America and its ReconTrust Co. subsidiary.

For simply obtaining the HBOR injunction, the homeowner’s attorney is requesting $20,255 in legal fees and costs – a compensation request that is permissible under HBOR since the legislation allots borrowers reasonable attorneys fees and expenses for successfully obtaining an injunction.

Attorney Robert Jackson with Jackson and Associates out of California says the injunction alone may cost BofA/Recontrust upwards of $60,000 when calculating in attorneys fees and expenses from both sides.

“The biggest problem with the HBOR from the investor standpoint is the litigation risk of having to pay legal fees,” Jackson said. “The way the thing breaks down is when you get an injunction, the prevailing borrower gets all of their legal fees paid by the servicer and the investor.”

This is one of the first legal disputes to show the real strength of HBOR and it’s effectiveness in stalling proceedings and increasing expenses for servicers that are accused of violating one of the provisions of HBOR.

Jackson has spent months warning servicers about the hidden litigation expenses facing firms when they pursue nonjudicial foreclosures in an HBOR world.

The new case in question – Singh v. Bank of America (Recontrust Co.) – was filed by a borrower who accused BofA and Recontrust of violating HBOR’s ban on dual-tracking.

Singh claimed the bank failed to respond to his request for a loan mod before filing for a foreclosure sale.

Rest here…

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4closureFraud.org

Comments
3 Responses to “Singh v. Bank of America: California Homeowner Bill of Rights Blocks BofA Foreclosure”
  1. Yode says:

    Does anyone know what the insertion of the nubmer 936- in front of a Wells Fargo “loan” number designates?

  2. Yode says:

    Test…..

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