Tuesday, June 08, 2010
Federal judge blocks Bank of America foreclosures in Utah with injunction
by Larry Geller
A preliminary injunction issued by Judge James L. Shumate of the Fifth District Court halting all foreclosure proceedings in the State of Utah by Bank of America, its subsidiary companies and Mortgage Electronic Registration Systems, Inc. (MERS) hinges on whether the State of Utah can require mortgage lenders to be registered and have offices in the state. [KCSG, Federal vs State Rules Governing Mortgage Lenders the Case to be Argued Before Federal Judge Clark Waddoups Thursday, 6/8/2010']
This one is worth watching. Click link to read the entire story.
(Thanks to Viviane Lerner for pointer to this story)