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2014-04-21 — mfi-miami.com
Foreclosure fraud victims and MFI-Miami clients, Traci and Germaine Gales, won't be forced out of their home any time in the near future. The Appellate Division of the New York Supreme Court agreed with MFI-Miami's findings that the Mortgage Backed Securities Trust, First Franklin Mortgage Loan Trust 2005-FF1 that sued the Gales for foreclosure lacked legal standing to do so.
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Comments:
Amicusman at 22:04 2014-04-21 said:
Nice to see that the homeowners got a reprieve, but at what cost. Factoring in the legal fees, and the bank coming back and foreclosing, what did the homeowner receive besides a large legal bill? Attacking the foreclosure is a known STALL tactic, where the homeowner will end up getting booted to the curb at least 90% of the time. Conversely, attacking the contract will keep the homeowner in their home at least 90% of the time with benefits! Permalinkadd a comment | go to forum thread
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