WaMu Must Return Foreclosed Home
November 15, 2010 Leave a comment
In an interesting development in Washington Mutual Inc.’s ongoing troubles, it looks like the door has been opened for people who were foreclosed on by the bank to reclaim their homes.
In San Jose, Calif., a 75-year-old woman won back her house that the court said was illegally foreclosed by Washington Mutual and Bank of America.
And because her struggles in dealing with alleged unfair foreclosure seem to reflect problems others have experienced, her win could be a good sign for former homeowners locked in court battles to redeem their property. Fifteen lawsuits were found against WaMu Inc. filed since the beginning of 2010. Most are surrounding the closed thrift’s lending practices.
