5th Circuit Finds Property Owners Lack Standing To Challenge Transfer Of Loan
(November 24, 2015, 2:32 PM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Nov. 20 affirmed a district court's decision to grant summary judgment in favor of a bank, finding that former property owners lacked standing to challenge the transfer of their mortgage (Ryan Ermisch, et al. v. HSBC Bank, et al., No. 15-50276, 5th Cir.; 2015 U.S. App. LEXIS 20253).
(Opinion available. Document #85-151208-017Z.)
Ryan and Julie Ermisch purchased a property that was secured by a note. The deed of trust was executed in favor of...