“it would support stopping all nonjudicial foreclosures in Hawaii, and that is our ultimate goal.”

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Judge halts foreclosure; others vulnerable?

Loss of woman’s home prevented — for now — in modification struggle

Amid the many foreclosure actions and auctions on Maui, one has come to a halt, after a federal judge in Honolulu granted a temporary restraining order.

The order itself does not address the borrower’s big argument – which is that the bank pursuing her cannot prove it has any real ownership interest in her Kihei home – but the restraining order was temporary. Since it expired a week ago, the lenders have not yet made any effort to resume the process of taking Watoshina Lynn Compton’s house.

Compton’s lawyer, James Fosbinder, said Thursday that the significance of the case is not about Compton herself, but that “there is a very similar fact pattern” with the experience of many other borrowers in trouble.

Fosbinder said he has about 300 clients with mortgage troubles, “and about 70 percent” are in the same boat as Compton.

He filed her lawsuit first because – perhaps due to her experience as a business owner – she had unusually clear documentation of what had happened during two years of trying to get a modification of her loan.

Check out the rest here…

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4closureFraud.org