from vegasinc...........
"The Nevada Supreme Court has sent a message to banks trying to foreclose on homeowners: Follow the rules, or forget about foreclosing and face sanctions.
In three decisions last week, the court sided with homeowners who complained they tried to save their homes through the state’s foreclosure mediation program, but that lenders either didn’t provide the right documentation or didn’t send someone with decision-making authority to the mediation.
In a Washoe County case pitting Emiliano and Yvette Pasillas against HSBC Bank USA, Power Default Services and American Home Mortgage Servicing Inc., the court sent the case back to District Court so it could determine sanctions against the defendants.
“Because (state law) and the Foreclosure Mediation Rules expressly require that certain documents be produced during foreclosure mediation and that someone with authority to modify the loan must be present or accessible during the mediation, we conclude that a party’s failure to comply with these requirements is an offense subject to sanctions by the District Court,’’ the court said in its ruling".................READ MORE
No comments:
Post a Comment