Sheila Bair article by Joe Nocera for the New York Times magazine.
According to Living Lies, this was a recent Arizona order. The court denied a motion to dismiss the sale trustee (in AZ, a proper trustee should be dismissed or not sued, unless bad faith or a breach of the trust deed is alleged, but in many cases the status of the claimed trustee is in […]
Chain of title is crucial in these foreclosure cases, and it is insanity for courts to hold otherwise. The Nevada Supreme Court agrees, in construing Nevada’s mandatory foreclosure mediation statutes. Pasillas v HSBC Nev. SC July 7 2011 In Pasillas (above), the Supreme Court found that the district court should have sanctioned the loan servicer […]