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BANKS GET SPANKED IN CALIFORNIA! HOMEOWNERS GET THE RIGHT TO CHALLENGE FRAUDULENT ASSIGNMENTS!

Source: BANKS GET SPANKED IN CALIFORNIA! HOMEOWNERS GET THE RIGHT TO CHALLENGE FRAUDULENT ASSIGNMENTS!

I wanted to share some great news!! The California Supreme Court has just ruled in a UNANIMOUS decision that overturns Yvanaova v. New Century and also strongly affirms the Glaski case!

The Court stated in part, “Our ruling in this case is a narrow one. We hold only that a borrower who has suffered a nonjudicial foreclosure does not lack standing to sue for wrongful foreclosure based on an allegedly void assignment merely because he or she was in default on the loan and was not a party to the challenged assignment.”

the following transaction has occurred in:
YVANOVA v. NEW CENTURY MORTGAGE CORPORATION
Case: S218973, Supreme Court of California

Date (YYYY-MM-DD): 2016-02-18
Event Description: Opinion Available Online (Majority).

To view opinion document for this case, go to:
[PDF] http://www.courts.ca.gov/opinions/documents/S218973.PDF

[DOC] http://www.courts.ca.gov/opinions/documents/S218973.DOC

I wanted to share this great news with my blog readers as I know that this case represents a clear turning point in foreclosure defense in California.

Stan Burman

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