If your foreclosure action has been discontinued after 2 or 3 years with no explanation, be aware that it is not all good news. The bank will likely just sue you again in a new action. I believe that the reason this is happening is because of a court rule requiring plaintiff’s lawyers handling foreclosures […]
If your foreclosure action has been discontinued after 2 or 3 years with no explanation, be aware that it is not all good news. The bank will likely just sue you again in a new action. I believe that the reason this is happening is because of a court rule requiring plaintiff’s lawyers handling foreclosures in New York state to sign a form verifying all documents in the proceeding are accurate. I think that many of the plaintiff’s lawyers are afraid to certify their papers and are starting over to make sure that their court filings are proper. Several clients and new callers have had their cases discontinued without explanation.
MERS just won a case in the Seventh Circuit. Here is the story.
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Epidemic of Foreclosure Actions Being Dismissed and Restarted
/in Foreclosure & Loan Mod Blog /by Scott LaninIf your foreclosure action has been discontinued after 2 or 3 years with no explanation, be aware that it is not all good news. The bank will likely just sue you again in a new action. I believe that the reason this is happening is because of a court rule requiring plaintiff’s lawyers handling foreclosures […]
MERS Registration System Wins Case
/in Foreclosure & Loan Mod Blog /by Scott LaninMERS just won a case in the Seventh Circuit. Here is the story. .