Tuesday, May 28, 2013

MORTGAGE FORECLOSURE - FILE ANSWER

This story is from March 2013 and was recently reported by what I feel is a very useful email list "The Hone Equity Theft Reporter Cases & Articles".

What I feel is the message to homeowners that can be found in this case is to make sure you file an answer and allege all of your possible defenses - do not default and waive them - because one of the actions the appeal court took was to hold that the trial court had no power to use lack of standing as a reason for dismissing the foreclosure since the borrower had waived that argument by failing to show up in court.

Here is a link to the article:

FORBES - NY Court Reinstates Foreclosure, Chides Judge For `Robosigning' Sanctions

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