Decisions on a of couple foreclosure-related cases were
handed down in different parts of the country this week, both siding with the
consumer/homeower:
In Ohio, the state Supreme Court ruled unanimously that a
third-party mortgage company couldn’t foreclose on a property that it did not
have a connection to at the time of the initial compliant, as reported in the
Cleveland Plain-Dealer. As you’ll read in the full story, it’s another instance
of a mortgage changing hands too many times…
In California, a couple won the lawsuit against their lender
over “dual tracking” – the practice of continuing the foreclosure process while
customers are in the process of applying for a loan modification – as reported
in the San Francisco Chronicle. It’s
worth noting that dual tracking will be banned in California, once the states “Homeowner
Bill of Rights Act” takes effect on January 1st…
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