Make ’em prove they own it

A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers and raising questions about the legal standing of investors in mortgage securities pools.

Judge Christopher A. Boyko of Federal District Court in Cleveland dismissed 14 foreclosure cases brought on behalf of mortgage investors, ruling that they had failed to prove that they owned the properties they were trying to seize.

A local lawyer, quoted later in the article, is noted as saying that requiring this proof is “Law School 101”. Is their hope for our legal system after all?

Related Posts

Let me see here…

(Links via the Drudge Report and FOX News) So, 10 terrorists were able to carry out the attack in Mumbai,…

Be sure to get him a bib

(Via Drudge) Because if he gets wound up, the spittle will be flying. Gore to Testify on Climate Change

Leave a Reply

Your email address will not be published. Required fields are marked *