A California appeals court has ruled that U.S. Bank conned Claudia Aceves out of her home by tricking her into giving up her bankruptcy protections. Now she can sue the bank for damages and fraud, and conceivably, so could othe…
As multiple lawsuits and SEC actions progress in relation to the nation’s mortgage mess, it’s becoming clear that the misbehaviors of the lawyers involved at all stages were not isolated incidents: The misconduct was systemic, …
Yet another problem has begun surfacing in the documents banks have been using to foreclose on homes: false notarizations. Notaries have been attesting legally to signatures they didn’t witness, sometimes by people who didn’t a…
Lee County, Florida has become infamous for the “rocket docket” — its system of speeding foreclosure cases through the courts. DailyFinance spoke with the Lee County Clerk who says the super-charged system was his idea.
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After an exhaustive examination, DailyFinance’s legal reporter comes to a clear verdict. Banks have done three things to create the massive glut of foreclosures choking America’s legal systems and laying waste to its real estat…