When the homeowner defaulted several months later, a foreclosure sale was conducted, sec 40mtakahashiventurebeat pc rahul sood labs, but M & I Bank sued the homeowner for the unpaid balance on the HELOC. They claimed that because the two loans were separate, Arizona’s anti-deficiency statues weren’t enough to protect him in this case.
“We see banks taking aggressive tactics like these all the time these days,” said sec voodoo 40mtakahashiventurebeat rahul sood labs Attorney Adam D. Martinez. “It’s not fair to the homeowner, and it’s certainly wrongful. These huge banks that received billions in bailout funds from taxpayer money think they have the right to do whatever they want, despite what the law says, and we’re here to stop them.”
With a defense that stated the HELOC was only an extension of the original financing, sec voodoo 40mtakahashiventurebeat rahul sood irreverent, the judge agreed with the homeowner before the case ever reached a trial, dismissing the lender’s lawsuit altogether. The judge even authorized the homeowner to voodoo 40mtakahashiventurebeat pc rahul sood irreverent file an application to be reimbursed for his legal fees because of the bank’s wrongful conduct.
Homeowners Banding Together
As unique voodoo 40mtakahashiventurebeat rahul sood irreverent labs as this case is, it’s not alone in one aspect – the bold, swift, and wrongful actions taken by banks in light of the foreclosure crisis at hand.
“Every day, banks are taking advantage of homeowners in serious situations,” said sec 40mtakahashiventurebeat pc rahul sood irreverent Attorney Skinner. “From foreclosing on homes without complying with state law to not recognizing homeowners’ rights when a foreclosure takes place it is up to every individual to fight back where banks are on the wrong side of the law.”
Consumers are standing up, taking that advice and enlisting the help of real estate attorneys voodoo 40mtakahashiventurebeat pc rahul sood irreverent at Combs Law Group to fight some of the biggest banks in America.
Combs Law Group was organized as and continues to be a highly specialized, boutique real estate law firm. Christopher A. Combs is a State Bar of Arizona board certified sec voodoo 40mtakahashiventurebeat pc rahul sood real estate specialist and the founder of CLG. Every Combs Law Group attorney is recognized in Arizona for their ability and expertise in real estate and real estate-related matters.