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Bank seeks reversal of foreclosure due to abandonment of suit
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Court Report
Wednesday, June 14, 2017
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The First Circuit Court of Appeals of Louisiana recently decided a case on appeal where the trial court handed down a judgment to set aside a bank’s claims in a foreclosure action due to abandonment. The trial court had originally issued a writ of seizure and sale as to the property in 2007, but the sheriff’s sale had never taken place due to title defects. The bank did not make any official action after the notice of writ of seizure until six years later when it moved to substitute counsel. Read on for more details.
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