MortgageDaily – Foreclosure Issues Litigated
A bankruptcy court ruling which allowed the trustee to treat a mortgage as an unsecured claim was upheld by a U.S. District Court judge. The New York judge that recently overturned a foreclosure on a $292,500 loan has ordered the bank and the borrowers back to court to discuss a recent letter from IndyMac Mortgage Services. A judge might dismiss a lawsuit against Wells Fargo Bank, N.A., that was filed by the City of Baltimore.
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