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: The Home Equity Theft Reporter

Cal. Federal Judge Ditches Cash Bond Requirement In Granting Injunction Blocking F'closure; OneWest Unilaterally Xcelled Loan Mod Agreement, Says Suit

By r morris

In Sacramento, California, News 10.net reports:A Fair Oaks homeowner suing OneWest Bank in Sacramento federal court achieved a notable victory last week. Judge John Mendez granted a preliminary injunction March 3 blocking a foreclosure auction while not requiring the homeowner to post a cash bond equal to the home's value.The homeowner's attorney, Jonathan Stein, told News10 it was the first case

Full post as published by The Home Equity Theft Reporter on March 14, 2010 (boomark / email).