Bank Had Standing To File Foreclosure Action, Florida Appeals Panel Says
(June 9, 2016, 11:38 AM EDT) -- DAYTONA BEACH, Fla. — Because a mortgage loan was acquired by a bank during a merger and not transferred from another lender to the bank, the bank had standing to foreclose, the Fifth District Florida Court of Appeal said May 6 in reversing a trial court’s judgment in favor of the homeowner (Bank of America N.A., et al. v. Linda A. Nash, et al., No. 5D14-4511, Fla. App., 5th Dist.; 2016 Fla. App. LEXIS 6973).