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Video

Feb. 21, 2015

VIDEO: Foreclosure challenges in high court

Claifornia's support of secured lenders has meant that the well-publicized 'robo-signing' cases that appeared nationwide several years ago never fully materialized in California. Until now. By Kenneth R. Styles


By Kenneth R. Styles


Unlike some states, California has a well-developed statutory framework, supported by case law, allowing secured lenders to foreclose on real property without filing lawsuits (so-called "non-judicial" foreclosure). Except for post-2008 legislation requiring, for example, lender-borrower work out attempts prior to foreclosure, California courts have historically supported a lender's right to non-judicially foreclosure on property...

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