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Use Of Undated Allonge May Sink Mortgage Lender's Claim In Homeowner's Bankruptcy Case; Vermont Judge Says Bank Must Have Standing On Filing Date

By r morris

A U.S Bankruptcy Court in Vermont recently denied a mortgage lender's motion for summary judgment in an adversary proceeding brought against it by debtor/homeowner Barry Alton Parker, in which Parker claimed that the bank lacked standing to enforce the mortgage note against him.The bank tripped itself up in this case by using an undated allonge to the mortgage note. The court interpreted Vermont

Full post as published by The Home Equity Theft Reporter on March 23, 2011 (boomark / email).