Friday, October 15, 2010

A $75K bullet to take down a billion-dollar industry

"The judge hearing Ms. Bradbury’s foreclosure case was persuaded. He rejected GMAC’s request for a foreclosure without trial. Even when given the chance to file amended documents, the judge noted, GMAC still didn’t even include the actual street address of the Maine house.

Lawyers around the country are now looking at this case as a model for further litigation, writes Mr. Streitfield.

Don Saunders of the National Legal Aid and Defender Association tells the New York Times: “This ammunition will be front and center in thousands of foreclosure cases.”

A $75K bullet to take down a billion-dollar industry?"

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