Judge Bashes Bank in Foreclosure Case

[cory777]

Source: WSJ

A Florida state-court judge, in a rare ruling, said a major national bank perpetrated a "fraud" in a foreclosure lawsuit, raising questions about how banks are attempting to claim homes from borrowers in default.

The ruling, made last month in Pasco County, Fla., comes amid increased scrutiny of foreclosures by the prosecutors and judges in regions hurt by the recession. Judges have said in hearings they are increasingly concerned that banks are attempting to seize properties they don't own.

The Florida case began in December 2007 when U.S. Bank N.A. sued a homeowner, Ernest E. Harpster, after he defaulted on a $190,000 loan he received in January of that year.

Read more: http://online.wsj.com/article/SB10001424052702303491304575188943977777722.html?mod=rss_whats_news_us

[defendandprotect]

1. k

[47of74]

2. People need to go to prison

That's the only way to bring these banks and foreclosure mills under control is by sending their leadership to prison for a very long time.

[fasttense]

3. Damn, talk about burying the lead.

Do they have journalist at the WSJ? Maybe they should take some classes.

"Banks are attempting to seize properties they don't own."