January 19, 2014
Wisconsin Court Grants Summary Judgment in Favor of GMAC
The court in deciding GMAC Mortg., LLC v. Poley, 2013 Wisc. App. LEXIS 872 (Wis. Ct. App. 2013) affirmed the lower court’s decision in granting summary judgment in favor of GMAC. In this foreclosure action, the circuit court granted summary … Continue reading
January 19, 2014 in MBS industry | Permalink | No Comments
Michigan Court Grants Summary Judgement in Favor of Bank
The court in deciding Wargelin v. Bank of Am., 2013 U.S. Dist. LEXIS 146326 ( E.D. Mich. 2013) ultimately granted defendants’ motion for summary judgment. Plaintiff brought an action arising out of a foreclosure and subsequent sheriff’s sale of his … Continue reading
January 19, 2014 in MBS industry | Permalink | No Comments
January 18, 2014
California Court Finds Plaintiff Lacked Standing to Bring Action
The court in deciding Mottale v. Kimball Tirey & St. John, LLP, 2013 U.S. Dist. 146293 (S.D. Cal. Oct. 9, 2013) ultimately granted the defendants’ motion to dismiss. Plaintiff alleged unnamed investors brought an unlawful detainer action in state court … Continue reading
January 18, 2014 in MBS industry | Permalink | No Comments
New York Court Finds Chase Had the Right to Enforce the Loan
The court in deciding Beka Realty LLC v JP Morgan Chase Bank, N.A., 41 Misc. 3d 1213(A) (N.Y. Sup. Ct. 2013) ultimately granted Chase’s motion for an order dismissing plaintiff’s claims. Beka Realty LLC (plaintiff) brought an action against defendant … Continue reading
January 18, 2014 in MBS industry | Permalink | No Comments
January 13, 2014
Florida Appellate Court Holds that Mortgagee is not Required to be the Mortgage Holder and Owner to have Standing for Foreclosure Action
The District Court of Appeal of Florida in Wells Fargo Bank, N.A., v. Morcom, 2013 WL 5575634 (Fl. Ct. App., 5th Dist. 2013), held that mortgagee was not required to be both holder and owner of promissory note in order to … Continue reading
January 13, 2014 in MBS industry | Permalink | No Comments
January 9, 2014
Oregon Court Dismisses Plaintiff’s Oregon Revised Statute § 86.745(1) Claim
The court in Woods v. United States Bank N.A., 2013 U.S. Dist. LEXIS 146485 (D. Or. 2013) ultimately granted the defendants’ motion to dismiss, and dismissed with prejudice. Plaintiffs sought a declaratory judgment voiding and setting aside the foreclosure of … Continue reading
January 9, 2014 in MBS industry | Permalink | No Comments
California Appeals Court Affirms Lower Court’s Decision to Sustain Defendant’s Demurrer
The court in deciding Nehme v. Bac Home Loans Servicing, 2013 Cal. App. Unpub. LEXIS 7366 (Cal. App. 2d Dist. Oct. 15, 2013) affirmed the lower court decision. Plaintiff (William Nehme) brought this action for fraud, rescission, and other claims … Continue reading
January 9, 2014 in MBS industry | Permalink | No Comments