Attorney: CA Supreme Court ruling could help families in foreclosure

The first thing I’d do is request copies of each judge’s financial disclosure statements and see if they are protecting their stock portfolios or the public. If they were smart they’d unload their stocks and write some decent law… Because there is nothing there anyway.

Justice League

Attorney: CA Supreme Court ruling could help families in foreclosure

ROSEVILLE, Calif. (KCRA) —With an estimated 1.3 million California homeowners in foreclosure, a Roseville attorney says the state Supreme Court has made a decision that could ultimately keep many from losing their homes.

“This is nothing less than a huge victory for homeowners because this provides them with the legal leverage that they have when they are trying to attempt to get some recourse from their bank,” attorney Stephen Foondos said.

Foondos said a Fresno homeowner fought foreclosure in court and won in the case known as Glask v. Bank of America. In the case, the homeowner claimed the financial institution trying to take his home didn’t have the right to because the loan was improperly transferred to a securities trust.

“This trust never owned anything and therefore didn’t have the right to foreclose on Mr. Glaski, which now means…

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