Supreme Court rules against banks in wrongful foreclosure suit
ROSEVILLE, Calif. (KCRA) —With an estimated 1.3 million California homeowners in foreclosure, a Roseville attorney says the state Supreme Court has made a decision that could ultimately keep many from losing their homes. [Not to mention how many million foreclosed homeowners since 2005 – DC Ed.] Continue reading
Looks like we need a coordinated effort in writing letters and amicus briefs to the court on this one…
Renting Judges for Secret Rulings
NEW HAVEN — SHOULD wealthy litigants be able to rent state judges and courthouses to decide cases in private and keep the results secret?
The answer should be an easy no, but if the judges of Delaware’s Chancery Court persuade the United States Supreme Court to take their case and reverse lower federal court rulings outlawing that practice, corporations will, in Delaware, be able to do just that.
The state has long been a magnet for corporate litigation because of its welcoming tax structures and the court’s business expertise. Yet the State Legislature became concerned that Delaware was losing its “pre-eminence” in corporate litigation to a growing market in private dispute resolution.
To compete, Delaware passed a law in 2009 offering new privileges to well-heeled businesses. If litigants had at least $1 million at stake and were willing to pay $12,000 in filing fees and…
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The first thing I’d do is request copies of each judge’s financial disclosure statements and see if they are protecting their stock portfolios or the public. If they were smart they’d unload their stocks and write some decent law… Because there is nothing there anyway.
Attorney: CA Supreme Court ruling could help families in foreclosure
ROSEVILLE, Calif. (KCRA) —With an estimated 1.3 million California homeowners in foreclosure, a Roseville attorney says the state Supreme Court has made a decision that could ultimately keep many from losing their homes.
“This is nothing less than a huge victory for homeowners because this provides them with the legal leverage that they have when they are trying to attempt to get some recourse from their bank,” attorney Stephen Foondos said.
Foondos said a Fresno homeowner fought foreclosure in court and won in the case known as Glask v. Bank of America. In the case, the homeowner claimed the financial institution trying to take his home didn’t have the right to because the loan was improperly transferred to a securities trust.
“This trust never owned anything and therefore didn’t have the right to foreclose on Mr. Glaski, which now means…
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Well, it’s a start….
JPMorgan Chase Class-Action Settlement Is Approved
A federal judge approved a settlement Friday of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices, an agreement that could pay more than $300 million to about 750,000 mortgage borrowers.
The national settlement prohibits the bank for six years from getting commissions, kickbacks or reinsurance from the insurance, which it obtains when a homeowner’s policy lapses.
Under U.S. District Judge Federico Moreno’s order in Miami, class members will have to file claim forms to recover 12.5 percent of the net premiums they were charged between Jan. 1, 2008, and Oct. 4, 2013. Moreno also barred JPMorgan Chase and Assurant and its insurance subsidiaries “from inflating premiums” for six years.
Deadly Clear 