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Real Estate & Property Law

: The Home Equity Theft Reporter

SW Florida Courts Sees 100s Of F'closures Dropped; Failure To Properly Transfer Notes Into Securitization Trusts May Leave Lenders Behind 'Eight-Ball'

By r morris

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In Lee County, Florida, The Fort Myers News Press reports:Banks in recent weeks have been dropping hundreds of their Southwest Florida foreclosure lawsuits instead of facing defendants at trial, according to local attorneys and court records.Opinions varied sharply on whether that means banks are just taking a breather before refiling with stronger evidence - or giving up for good on hopelessly

Full post as published by The Home Equity Theft Reporter on January 21, 2011 (boomark / email).

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