Wednesday, January 26, 2011

Stay on Foreclosures from BOA/Recon Trust until Feb 28 2011

UPDATE
Judge orders stay on foreclosures by BOA/Recon trust until February 28, 2011.  Evidently there is question as to whether or not Recon Trust has the right to foreclose and if they actually are the legal party of record.  It will be very interesting to see what happens in this case come February 28, 2011.  I am sure BOA is going to have every possible body on this until then trying to find out how they can spin this into their favor.  This will be an important ruling because of the large number of foreclosures in the state of Nevada.  This potentially could effect thousands of homeowners. 





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