|Posted by Ron Koehler on November 1, 2012 at 8:35 AM|
An interesting development in Ohio foreclosure law. Banks have been filing foreclosures before they received the assignment of mortgage from the bank they bought the mortgage from. Many judges have wrongly allowed the foreclosures to go forward. I have always argued that the bank lacks standing to sue, and can't get standing to sue retroactively. The Ohio Supreme Court now agrees with me. A unanimous decision.
Click on this link to see the full announcement from the Ohio Supreme Court: http://www.courtnewsohio.gov/cases/2012/SCO/1031/111201_111362.asp#.UJJsCsXR7wB