NCBRC- A Michigan state court found that a debtor may oppose foreclosure on the basis that the assignment of the mortgage to the foreclosing party was in violation of the Pooling and Service Agreement and, therefore, ineffective. HSBC Bank, USA v. Young, No. 11-693 (Cir. Ct. Mich. Oct. 16, 2012). HSBC conducted a foreclosure by … Continue reading HSBC Bank, USA v. Young | Michigan Circuit Court – Debtor Has Standing to Argue Failure to Comply with Terms of PSA