“On the Foreclosure Front”

“The housing mess got a lot messier last week as JPMorgan Chase halted 56,000 foreclosures amid doubts that it had correctly followed laws on the foreclosure process. The announcement came soon after GMAC Mortgage suspended an undisclosed number of foreclosures to gain time to review its legal procedures. There may be more suspensions to come….”

Read more: On the Foreclsoure Front – The New York Times

Lender cannot use ratification to cure lack of standing

In a decision that expands the scope of Wells Fargo Bank, N.A. v. Byrd, the First District Court of Appeals decided that ratification, joinder, and substitution, under Civil Rule 17,  are only appropriate when determination of the proper party to sue is difficult or when an understandable mistake has been made. Bank of N.Y. v. Gindele, 2010 Ohio 542.