It’s on both sides of a mortgage foreclosure case. [Al Lewis, Dow Jones Newswires via Carney] More: Lowering the Bar (with fuller explanation).
It’s on both sides of a mortgage foreclosure case. [Al Lewis, Dow Jones Newswires via Carney] More: Lowering the Bar (with fuller explanation).
4 Comments
It was bound to happen. It would be nice to see a few law firms sue themselves out of existence, too.
On the bright side, Wells Fargo is guaranteed to win.
Phaedrus :
On the bright side, Wells Fargo is guaranteed to win.
… Or loose. Or …
[WHACK] Thanks. I needed that.
This is the way foreclosure law is set up in Florida. The person/business foreclosing has to sue the other mortgage holders in the process of getting a clean deed to the real estate.
This suit allows the Florida court system to validate the authenticity of each claim.
The suit also asks for the court to rule in the first mortgage holder’s favor to receive the property deed free of all encumberances….so they can sell the property to recoup the amount of the outstanding loan.