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Articles Posted in Foreclosure

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Court Dismisses Foreclosure Action Where Loan Could Not Be Described

Bank of America filed a foreclosure action, seeking the foreclosure of a “prime/traditional/conventional loan,” but asserted that a pre-foreclosure notice was sent to the home-owner in compliance with the rules governing subprime loans. In other papers, the bank identified the loan as subprime, but that no notice was sent because…

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Bank’s Foreclosure Papers Were “Greatly Distressing” and Sanctions Could Be Assessed

Suffolk County Judge Arlen Spinner had another foreclosure case on his chopping block recently. Chase filed a foreclosure action claiming that the home-owner signed a mortgage, which was in default. One of Chase’s allegations was that the home-owner signed the mortgage. Examining the mortgage and note, however, indicated that the…

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