5th Circuit Finds Bank Has Authority To Foreclose Under Texas Property Code

(July 28, 2016, 12:34 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on July 19 reversed a district court's decision in favor of property owners in relation to the foreclosure of their property, finding that a bank had the authority to foreclose on the house under the Texas Property Code (Deutsche Bank National Trust Company, as Trustee of the Residential Asset Securitization Trust 2007-A8, Mortgage Pass-Through Certificates, Series 2007-H under the Pooling and Servicing Agreement dated June 1, 2007 v. Joanna Burke, et al., No. 15-20201, 5th Cir.;...
To view the full article, register now.