HSBC Challenges Foreclosure Dismissal Amid Claims of 'Unclean Hands'

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HSBC Challenges Foreclosure Dismissal Amid Claims of ‘Unclean Hands’

HSBC Challenges Foreclosure Dismissal Amid Claims of ‘Unclean Hands’

Daily Business Review-

Things looked grim for HSBC Bank USA N.A. last year when it faced involuntary dismissal of its case after a bench trial and sanctions for prosecuting a foreclosure suit with “unclean hands.”

Back then, the trial judge sided with borrowers accusing the bank of building its case on a forged mortgage assignment and granted their request to force the financial institution to show why it shouldn’t be punished for committing a fraud on the court.

But HSBC seems off to a strong start on appeal—at least in its challenge of one aspect of the lower court’s order—having survived a motion to dismiss its case as premature before a state appellate panel.

[DAILY BUSINESS REVIEW]

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