Thursday, December 13, 2007

Indiana Commercial Foreclosure Law: From The New York Times: "Foreclosures Hit A Snag For Lenders"

Indiana Commercial Foreclosure Law has a post that seems to fit into what I wrote earlier about Ohio foreclosures. I still have nto time to read all of From The New York Times: "Foreclosures Hit A Snag For Lenders" but hope to do so this weekend.

"If you deal with mortgage security pools, and in particular the foreclosure of mortgages within such a pool, you should read today's interesting article from The New York Times: 'Foreclosures Hit a Snag For Lenders'. The article addresses federal court foreclosure litigation in Ohio and specifically an opinion by Judge Boyko dismissing fourteen cases because the plaintiff (foreclosing entity) failed to prove it had standing to pursue the cases. I located the Judge's October 1 order referenced in the article: .pdf. My colleague Chris Jacobson helped find the October 31 opinion: BoykoOpinion.pdf.