A foreclosure case headed for the 3rd District Court of Appeal could have a profound effect on cases where a trust owns the mortgage — a common occurrence because many loans were sold into investment pools.
February 15, 2011 at 12:00 AM
1 minute read
Sandra Castillo-Rivera is fighting the foreclosure on her Doral townhouse, but first she’s got to figure out who has the right to take her on.
Castillo-Rivera obtained a $220,000 mortgage loan in 2006 from WMC Mortgage, but Deutsche Bank, is foreclosing on her home on behalf of investors in a pool of securitized mortgages.
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