KCRA Interviews Stephen Foondos

Ask
Steve

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.

Please follow and like us:

515 Responses

  1. source says:

    It’s awesome to pay a quick visit this website and reading the views of all mates on the topic of this post, while I am
    also eager of getting knowledge.

  2. Cheap Viagra says:

    I have read so many posts about the blogger lovers however
    this article is truly a pleasant post, keep it up.

  3. i have wondershare video converter ultimate for mac , the registration number on the the application doesn’t match the registration number that i bought for my retirement community. It looks like a pirated copy the support email is a false email address. the registration number is grayed out we bought this software for 2-5 people paid 118 dollars can’t even get support. every DVD we burn has looped. Can’t believe they sent me a pirated one. i tried to uninstall the bad copy so i can download a new copy.

  4. i get an Unable to connect.

  5. Shon Zappa says:

    i have wondershare video converter ultimate for mac , the registration number on the the application doesn’t match the registration number that i bought for my retirement community. It looks like a pirated copy the support email is a false email address. the registration number is grayed out we bought this software for 2-5 people paid 118 dollars can’t even get support. every DVD we burn has looped. Can’t believe they sent me a pirated one. i tried to uninstall the bad copy so i can download a new copy.

  6. source says:

    I am really happy to read this webpage posts which contains lots of useful information, thanks for providing such data.

  7. i get an Unable to connect.

  8. i have wondershare video converter ultimate for mac , the registration number on the the application doesn’t match the registration number that i bought for my retirement community. It looks like a pirated copy the support email is a false email address. the registration number is grayed out we bought this software for 2-5 people paid 118 dollars can’t even get support. every DVD we burn has looped. Can’t believe they sent me a pirated one. i tried to uninstall the bad copy so i can download a new copy.

Leave a Reply

Your email address will not be published.

United Law Center Newsletter
=