Friday, January 28, 2011

Nevada court blocks Bank of America trust foreclosure

A Nevada county court placed an injunction against a foreclosure by Bank of America (: ) and its default management subsidiary ReconTrust on Jan. 20.


Robert Lane, a judge in the Nye County District Court, delivered the ruling, citing the "substantial likelihood" that plaintiff and homeowner, Suzzane North, would establish at trial that ReconTrust could not prove it has a contractual relationship between the plaintiff and BofA regarding the promissory note and deed of trust.

Lane ruled "to prevent the irreparable injury to the Plaintiff that would result from the unlawful nonjudicial foreclosure being carried out by Defendant ReconTrust Company against the Plaintiff, and to allow the court to render effective relief if the Plaintiff prevails at trial."

Read on.

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