Morgan Stanley expects mortgage bond lawsuit from New York AG

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales
W S

Florida Supreme Court powerless to freeze state foreclosures

/ Print / Reprints /
| Share More
/ Text Size+
The Florida Supreme Court said Tuesday it cannot freeze foreclosures in the state as requested by a Florida congressman and amid a tempest of allegations and admissions that flawed paperwork has been used to take people's homes. U.S. Rep. Alan Grayson (D-Orlando) asked the court last week to halt foreclosures being handled by three large Florida law firms under investigation by the state attorney general's office over handling of foreclosure documents. A fourth law firm under investigation was not mentioned in Grayson's Sept. 20 letter, but is a concern, a Grayson spokesman said. Clerk of Court Thomas D. Hall wrote Tuesday in a letter to Grayson that the court has no authority under the Florida constitution or court rules to intercede in, or investigate pending cases on the basis of allegations of fraud or wrongdoing.

Recent Articles by Jacob Gaffney

Comments powered by Disqus