This ruling sends a message to the big law firms & banks that are spewing out foreclosures like automated factories & acting as if they are too important to even show up to a scheduled trial! There is a human factor to all of these cases. Maybe this will remind the banks & factory law firms who file these cases of this fact. Mr. Richardson may not be your "average joe" losing his family home, but he is a business man & his failure impacts the local banks & our local economy.
I think the title is a bit misleading... Yes Deutsche Bank did not show up for the trial, and yes they did lose out on their part of the Sheriff’s sale, but title makes it sound as if Mr. Richardson beat his foreclosure because of it... I only mention that because I think it is safe to assume that "Papermate" did not bother to read the brief...
The title probably should have been, “Country Treasurer beats bank… with opportunistic tactics” the county saw the other lawyers where not there and went for the big payday…
Should the Deutsche Bank lawyer have shown up, yeah probably, but their real failing was to not file the paper work for an appeal in time. To try and push the bank out of its share of the Sheriff’s sale proceeds is a bit underhanded in my view, because the county got the money it deserved, the remaining $27,xxx.xx should go to the bank (which is still substantially less that than the money they are owed.) It’s like having a lost and found box; taking something from it doesn’t make it yours just because the rightful owner isn’t there to claim it… But then again law isn’t about ethically right and wrong; it is about technically right and wrong… Deutsche Bank was technically wrong because they didn’t follow up on the judgment…
I chalk this up to another example of government bureaucracy stomping on legitimate business every chance it gets…
Richardson should have gotten the chair!
ReplyDeleteI dont get what this saying? DJ Explain in terms a public educated person would understand
ReplyDeleteI love it when people zing me, so I'll waive the "no anonymous comments" rule for you.
ReplyDeleteThis ruling sends a message to the big law firms & banks that are spewing out foreclosures like automated factories & acting as if they are too important to even show up to a scheduled trial! There is a human factor to all of these cases. Maybe this will remind the banks & factory law firms who file these cases of this fact. Mr. Richardson may not be your "average joe" losing his family home, but he is a business man & his failure impacts the local banks & our local economy.
ReplyDeleteI think the title is a bit misleading... Yes Deutsche Bank did not show up for the trial, and yes they did lose out on their part of the Sheriff’s sale, but title makes it sound as if Mr. Richardson beat his foreclosure because of it... I only mention that because I think it is safe to assume that "Papermate" did not bother to read the brief...
ReplyDeleteThe title probably should have been, “Country Treasurer beats bank… with opportunistic tactics” the county saw the other lawyers where not there and went for the big payday…
Should the Deutsche Bank lawyer have shown up, yeah probably, but their real failing was to not file the paper work for an appeal in time. To try and push the bank out of its share of the Sheriff’s sale proceeds is a bit underhanded in my view, because the county got the money it deserved, the remaining $27,xxx.xx should go to the bank (which is still substantially less that than the money they are owed.) It’s like having a lost and found box; taking something from it doesn’t make it yours just because the rightful owner isn’t there to claim it… But then again law isn’t about ethically right and wrong; it is about technically right and wrong… Deutsche Bank was technically wrong because they didn’t follow up on the judgment…
I chalk this up to another example of government bureaucracy stomping on legitimate business every chance it gets…