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California Supreme Court gives homeowners OK to challenge mortgage assignments
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Court Report
Wednesday, March 2, 2016
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In a recent case, the California Supreme Court addressed a key legal issue arising out of the mortgage crisis, whether and how defaulting homeowners could bring an action for wrongful foreclosure on allegations of defective assignments of the promissory note. The court of appeal had ruled that a homeowner could not state a cause of action for wrongful foreclosure because she lacked standing to assert defects in the assignment. Read on for more details.
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