Foreclosure Litigation Strategy Takes Aim at Seniors, Attorneys Say

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Foreclosure Litigation Strategy Takes Aim at Seniors, Attorneys Say

Foreclosure Litigation Strategy Takes Aim at Seniors, Attorneys Say

DBR-

Felicia El Hassan had already lost one house.

During turbulent times decades earlier in communist Cuba, she’d been forced to surrender property before fleeing to America.

The 86-year-old woman thought those days were far behind her after living quietly for nearly 20 years in a modest house in Opa-locka, a working-class neighborhood in northern Miami-Dade.

But that peace of mind ended when a process server appeared on her doorstep with court papers informing her of a foreclosure lawsuit by Liberty Home Equity Solutions Inc., formerly Genworth Financial Home Equity Access Inc. The complaint’s sole basis was the lender’s claim that El Hassan violated a key covenant of reverse mortgages by moving out, thereby defaulting on the loan.

[DAILY BUSINESS REVIEW]

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