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:

474 Responses

  1. This text is invaluable. How can I find out more?

  2. There’s certainly a great deal to find out abbout this
    topic. I really like all of the points you’ve made.

  3. you’re in reality a excellent webmaster. The web site loading pace is
    incredible. It kind of feels thbat you are doing any
    unique trick. Moreover, The contents are masterwork. you’ve performed a fantastic job in this matter!

  4. I’ve been having issues with my Windows hosting. It has set me back quite a bit while making the next list. This is the current list that I have. I should add another list in less than a week. I’ll let you all know when the next list is ready. Thank you for your patience.

  5. Right here is the right bloig for anyone who
    really wants to understand this topic. You kow a whole lot its almost hard
    to argue with you (not that I personally would waznt to…HaHa).
    You definitely put a fresh spin on a subject that’s been wtitten about for
    a long time. Wonderful stuff, just great!

  6. A motivating discussion is worth comment.
    I believe that you ought to publish more on this issue,
    it might noot bee a taboo matter but usually people do not talk about these subjects.

    To the next! All the best!!

  7. I’ve been having issues with my Windows hosting. It has set me back quite a bit while making the next list. This is the current list that I have. I should add another list in less than a week. I’ll let you all know when the next list is ready. Thank you for your patience.

  8. sex says:

    I am genuinely happy to glance at this website posts which
    contains tons of useful facts, thanks for providing these kinds of statistics.

  9. I’ve been having issues with my Windows hosting. It has set me back quite a bit while making the next list. This is the current list that I have. I should add another list in less than a week. I’ll let you all know when the next list is ready. Thank you for your patience.

Leave a Reply

Your email address will not be published.

United Law Center Newsletter
=