Real Estate/Development
Nov. 4, 2010
Foreclosure Act's Use Is Limited
Californians facing foreclosure do not have a private right to sue their lenders under a state law requiring banks to pursue loan modifications before repossession, according to a court decision published last week.
Daily Journal Staff Writer
Californians facing foreclosure do not have a private right to sue their lenders under a state law requiring banks to pursue loan modifications before repossession, according to a state appellate court decision published late last week.
The opinion removes one favored weapon from the arsenal of borrowers who accuse lenders of thwarting mortgage modifications. Mortgage holders have other legal options a...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In