Appeals court rules Texas laws govern Utah foreclosures by Bank of America

Categorized | STOP FORECLOSURE FRAUD

WTF ?!?| Appeals court rules Texas laws govern Utah foreclosures by Bank of America

WTF ?!?| Appeals court rules Texas laws govern Utah foreclosures by Bank of America

The Salt Lake Tribune-

Texas laws and not those of Utah govern home foreclosures in this state by Bank of America, a panel of the 10th Circuit Court of Appeals ruled on Wednesday.

The decision means that thousands of Utah homeowners who were foreclosed on by Bank of America will not be able to recover monetary damages based on the claim that those actions were illegal under Utah law.

In a separate opinion, Judge Carlos Lucero warned that the decision is a serious blow to state sovereignty and that regulations from the Office of the Comptroller of the Currency on which the court’s decision was based “creates a race to the bottom in which national banks can chose to be governed by the state with the most bank-friendly rules.”

[THE SALT LAKE TRIBUNE]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8452 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives