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Real Estate & Property Law

: The Home Equity Theft Reporter

Appeals Court Tells Lender To "Take A Hike" In Response To Request To Vacate F'closure Sale; Screw-Up In Calculating Minimum Bid Leads To $275K+ Hit

By r morris

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The Georgia Court of Appeals recently left untouched a lower court ruling that directed a foreclosing lender to provide a deed to the winning bidder at a foreclosure sale that the lender requested be invalidated due to a mistake in its calculation of its minimum opening bid that resulted in the lender taking a financial hit to the tune of $279,000.Apparently, the "paralegal foreclosure processor"

Full post as published by The Home Equity Theft Reporter on June 22, 2010 (boomark / email).

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