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:

442 Responses

  1. here says:

    Thanks for sharing your thoughts about here.
    Regards

  2. source says:

    Howdy! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly?
    My website looks weird when browsing from my iphone 4. I’m trying to find a template or plugin that might be able to fix this problem.
    If you have any suggestions, please share. Cheers!

  3. What’s up to all, the contents present at this web site are actually awesome for people experience, well, keep up the good work fellows.

  4. download says:

    Do you mind if I quote a couple of your posts
    as long as I provide credit and sources back to your blog?

    My website is in the exact same area of interest as yours and my visitors
    would truly benefit from some of the information you provide
    here. Please let me know if this alright with you.
    Thanks a lot!

  5. here says:

    I always used to read paragraph in news papers but now as I am a user of web so
    from now I am using net for articles, thanks to web.

  6. Louie Ady says:

    You sure know what you’re talking about. Everyone is going to soon be visiting your site.

  7. source says:

    Because the admin of this web site is working, no uncertainty very
    quickly it will be renowned, due to its quality contents.

  8. source says:

    Heya this is kinda of off topic but I was wanting to know if
    blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding expertise so
    I wanted to get guidance from someone with experience. Any help would be enormously appreciated!

  9. In our view there isn’t point in starting from scratch once the framework is
    already there. Most retail locations are covered in large windows which are made to help potential
    customers see what’s available, but simply how visible is
    the product. The best Word – Press themes may also
    be customisable and also have features inside administration section where you can easily add CSS or Google Analytics.

  10. here says:

    My developer is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the costs.

    But he’s tryiong none the less. I’ve been using WordPress on a number of websites for about
    a year and am nervous about switching to another platform.
    I have heard great things about blogengine.net. Is there a way I can import all my
    wordpress posts into it? Any kind of help would be really appreciated!

Leave a Reply

Your email address will not be published.

United Law Center Newsletter
=