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Real Estate & Property Law

: The Home Equity Theft Reporter

Ohio Appeals Court: Failure To Give Delinquent Borrower Notice Of Acceleration Of Amounts Due Sinks Lender's Foreclosure Attempt

By r morris

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An Ohio appeals court recently reversed a lower court ruling and held that a lender was not entitled to summary judgment in a foreclosure action where it failed to plead and establish that it provided a delinquent homeowner/borrower a notice of acceleration before commencing a foreclosure action, as required by the terms contained in paragraph 22 of the subject mortgage.(1)The court rejected the

Full post as published by The Home Equity Theft Reporter on June 21, 2010 (boomark / email).

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