The Home Equity Theft Reporter: Florida Appeals Court Revisits Earlier Ruling Dealing With Two Lenders Simultaneously Foreclosing The Same Mortgage In Separate Legal Actions

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Florida Appeals Court Revisits Earlier Ruling Dealing With Two Lenders Simultaneously Foreclosing The Same Mortgage In Separate Legal Actions A Florida appellate court recently re-addressed a one-paragraph ruling originally issued in June that dealt with two mortgage lenders who were foreclosing on the exact same mortgage in two seperate.

On appeal, the Court of Appeals for the Second Circuit reversed, agreeing with the complainants that the court applied the wrong legal standard. The Second Circuit decision is reported as Regional Economic Community Action Program, Inc. v. City of Middletown , 294 F.3d 35 (2d Cir. 2002).

Appeals Court Ruling The Appeals Court upheld the trial court’s decision to restore title to the real estate and order Andrew to turn over the sale proceeds. The court also agreed that the trial judge properly found Andrew’s wife, Kai, to be liable since she received some of the property or use of the sale proceeds.

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Reverse mortgage lenders received a significant victory in Florida's Third District Court of Appeal last week when the court issued its decision in.. In Palmero, the lender brought a foreclosure action against Luisa Palmero, claiming. Mr. and Mrs. Palmero executed the mortgage on separate signature lines.