Pennsylvania homeowners who weren’t told they could meet face-to-face with their mortgage lender within 30 days, to avert a foreclosure deserve a second try at keeping their homes. At the time, Pennsylvania law required the notification to be in the letters at the time. The state Legislature removed that requirement in September 2008.
In January 2012, a three-judge Superior Court panel ruled in favor of three homeowners and called the notice required under state Act 91 “deficient.” Last week, lenders HSBC, Wells Fargo and Beneficial appealed the court’s decision. They asked for a nine-judge Superior Court panel to reconsider the case. They could appeal again to the state Supreme Court.
For full article see: Nonprofit group says 100,000 got flawed foreclosure notes – Pittsburgh Tribune-Review.
- Study: 84% of foreclosures violated law (lansner.ocregister.com)
- Push to Avert Foreclosures Hits Court Logjam (nytimes.com)