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Real Estate & Property Law

: The Home Equity Theft Reporter

Sloppy Lender, State Homestead Law Leave Iowa Couple w/ Voided Mortgage; Bank Left Holding The Bag After Failing To Get Wife's Signature On Loan Docs

By r morris

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In Ankeny, Iowa, the Des Moines Register reports:Talk about sticking one to the bank. Matt and Jamie Danielson own their $278,000 Ankeny home outright, and paid almost nothing for it. A hasty home-loan approval and a 123-year-old law that requires mortgages be signed by both spouses helped the couple fight foreclosure all the way to the Iowa Court of Appeals. They won, and though they made only

Full post as published by The Home Equity Theft Reporter on March 18, 2011 (boomark / email).

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