Real Estate/Development
Mar. 19, 2011
Judge Slams Bank Over Foreclosure Fees
A decision by a Los Angeles federal judge in a foreclosure case appears to be the first to take to task a lender seeking attorney fees from homeowners, which would he said could have intimidated other plaintiffs.
Daily Journal Staff Writer
LOS ANGELES - Like many homeowners who end up in court trying to fend off foreclosure, Abundio and Luz Cruz lost their lawsuit and will almost certainly lose their El Monte home. But in a rare twist, their case marked a victory of sorts for homeowners last week when a federal judge issued a scathing decision taking aim at Wells Fargo & Co. and its lawyers for making the "unreasonable" request tha...
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