Real Estate/Development
Oct. 7, 2011
Shame on California courts: Rubber-stamping foreclosures by corporations
California courts need to start ensuring that financial institutions have the right to foreclose on someone's home. By Mark F. Didak of Arias, Ozzello & Gignac LLP
Faulty mortgage "securitization" has serious legal consequences for borrowers, potentially rendering the debt unsecured or even unenforceable. California courts, however, are woefully behind courts in other jurisdictions in their understanding of the facts and basic law underlying these issues. The sad and shameful result is that our courts too often give short shrift to homeowner lawsuits, rubber-stamping foreclosures by corporations that...
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