In the mortgage industry, defaults are an unfortunate reality that lenders must navigate. When borrowers default, the decision to foreclose is often challenging but ultimately necessary. However, a new obstacle has emerged for lenders in the form of borrowers suing to prevent foreclosure sales.
Key points from the text:
– Borrowers often sue on the eve of the Trustee’s Sale to halt the foreclosure process.
– These lawsuits are typically deemed to be without merit.
– The author has coined the term “wrongful infliction of money” to describe these legal actions, highlighting the frustration they cause for lenders.
– Preventing foreclosure sales through legal means is a source of significant frustration for lenders in the mortgage industry.
You can read this full article at: https://geracilawfirm.com/temporary-restraining-orders-preliminary-injunctions-a-basic-overview/(subscription required)
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