KCRA Interviews Stephen Foondos

KCRA Interviews Stephen Foondos

Written by  in category 
March 3, 2017

KCRA Interviews Stephen Foondos:

Attorney: Court ruling could help families in foreclosure

Supreme Court rules against banks in wrongful foreclosure suit

ROSEVILLE, Calif. (KCRA) —With an estimated 1.3 million California homeowners in foreclosure, a Roseville attorney says the state Supreme Court has made a decision that could ultimately keep many from losing their homes.

“This is nothing less than a huge victory for homeowners because this provides them with the legal leverage that they have when they are trying to attempt to get some recourse from their bank,” attorney Stephen Foondos said.

Foondos said a Fresno homeowner fought foreclosure in court and won in the case known as Glask v. Bank of America. In the case, the homeowner claimed the financial institution trying to take his home didn’t have the right to because the loan was improperly transferred to a securities trust.

“This trust never owned anything and therefore didn’t have the right to foreclose on Mr. Glaski, which now means Mr. Glaski has the right to sue,” Foondos said.

Five major banks asked the California Supreme Court to keep the Glaski decision from being published so that it couldn’t be used it as precedent in other foreclosure cases around the state.

Lawyers for the financial institutions claimed the decision could be catastrophic for the banking industry.

But this week, five Supreme Court justices sided against the banks and the court is allowing the decision to be used as a legal basis in other future cases.

“These are no joke,” Foondos said. “That’s why the banks have been aggressively trying to suppress this information from the public.”

Foondos said it’s not necessarily a silver bullet that will cut short all foreclosure proceedings, but it could be a legal tool for people at risk of losing their homes.

1,838 Responses

  1. slotxo says:

    Woah! I’m really loving the template/theme of this website.

    It’s simple, yet effective. A lot of times it’s very difficult to get that
    “perfect balance” between superb usability and appearance.

    I must say you have done a awesome job with this.

    Also, the blog loads extremely fast for me on Safari.
    Excellent Blog!

  2. slotxo says:

    Hey there would you mind letting me know which web host you’re utilizing?

    I’ve loaded your blog in 3 completely different browsers and I must say this blog loads a lot quicker then most.
    Can you recommend a good hosting provider at a fair price?
    Thank you, I appreciate it!

  3. Daryl says:

    Please kwep us up to date like this. Thanks for sharing…

  4. Hello everyone, it’s my first visit at this website, and piece of wrioting
    is genuinely ffuitful designed for me, keep up postinng such articles or reviews.

  5. Hannelore says:

    I like it whenever people come togetheer and suare thoughts.Great website, continue the good work!

  6. Hi there to every body, it’s my first pay a quick visit off this website; this blog contains
    awesome and genuinely excellent dawta for visitors.

  7. Hello to everry one, since I am genuinely keern oof reading this website’s post
    to be updated regularly. It carries nice data.

  8. Hello to every one, since I am genuinely keden of reading this website’s post to be updated
    regularly. It carries nice data.

  9. drugs.com hydroxychloroquine quinine hydroxychlorquine

Leave a Reply

Your email address will not be published.

United Law Center Newsletter
=