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Real Estate & Property Law

: The Home Equity Theft Reporter

Contempt Charges, Loss Of Lien Status Among Proposed Penalties For Foreclosing Lenders Leaving Ohio Homes In Legal Limbo

By r morris

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In Cleveland, Ohio, an editorial in The Cleveland Plain Dealer comments on the practice known as the "bank walkaway," wherein a lender, after getting a foreclosure decree in court, decides against actually having a foreclosure sale and avoids taking title to the home, leaving it in legal limbo (and technically, still in the financially strapped homeowner's name):(1)No one knows precisely how many

Full post as published by The Home Equity Theft Reporter on July 29, 2009 (boomark / email).

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