A trustee could void a nonjudicial foreclosure sale based on its mistake in communicating the lender’s opening bid to the auctioneer, the California Supreme Court has ruled in reversing judgment.
The company that operates a national electronic mortgage registry had standing to authorize a nonjudicial foreclosure under state law, the Idaho Supreme Court has ruled in affirming a dismissal.
A foreclosure sale could be set aside due to the mortgagee’s failure to ensure that all assignments of the mortgage were properly recorded beforehand, the Minnesota Supreme Court has ruled in affirming judgment.
The Iowa Supreme Court has suspended two attorneys who failed to fully disclose that they were behind the purchase of a home their client had foreclosed upon and put up for auction.
The assignment of a mortgage by Mortgage Electronic Registration Systems was valid under state law and allowed the current mortgage holder to proceed with foreclosure, the 1st U.S. Circuit Court of Appeals has ruled in affirming judgment.
A law firm that filed an action to foreclose on a mortgage engaged in “debt collection” subject to the requirements of the Fair Debt Collection Practices Act, the 6th Circuit has ruled in reversing a dismissal.
State law did not permit a law firm to file a foreclosure action to collect a statutory attorney fees lien, the Illinois Appellate Court has ruled in affirming a dismissal.
The holder of an FDIC-assigned mortgage was required to record the assignment in order to accomplish a foreclosure by advertisement under state law, the Michigan Supreme Court has ruled in reversing a summary judgment.
A loan modification company, aided by an attorney, has defrauded homeowners in 10 states of thousands of dollars, according to a new lawsuit filed in California state court.
Homeowners could seek to enjoin foreclosure based on their lenders’ alleged failure to follow servicing regulations of the Department of Housing and Urban Development (HUD), the California Court of Appeal has ruled in reversing a dismissal.