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Loan Modification

: Loan Modification & Home Loan News

Banks sue over city foreclosure mediation ordinance

By Moe Bedard

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PROVIDENCE ? Wells Fargo and Bank of New York Mellon have joined Deutsche Bank in filing a suit against the city over a recently enacted ordinance dealing with foreclosures, according to Deputy City Solicitor Anthony F. Cottone. The two commercial and investment banks filed separate suits soon after Deutsche Bank filed its suit in January, he [...]

Full post as published by Loan Modification & Home Loan News on March 29, 2010 (boomark / email).

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Lenders' Failure To Comply With City's Foreclosure Mediation Ordinance Could Result In Broken Chain Of Title, Ownership Problem For Subsequent Buyers

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