Court Warns Banks About Foreclosures
(Carson City, NV) – The Nevada Supreme Court is warning banks to follow the rules when it comes to home foreclosures. The high court sided with homeowners in three separate decisions last week.
Each of the homeowners claimed their lenders didn’t provide proper documentation, or didn’t send a representative who could make decisions to the state’s foreclosure mediation program. Each of the cases was sent back to District Court for review.
Nevada continues to lead the nation in foreclosures, and Attorney General Catherine Cortez Masto is pursuing a lawsuit against Bank of America, alleging it mishandled foreclosures and falsely led homeowners to believe their mortgages would be modified. B of A has denied the charges.