Panel Holds Bank Lacked Standing To Foreclose, Reverses Judgment

(May 9, 2019, 2:38 PM EDT) -- BROOKLYN, N.Y. — After holding that a bank failed to establish that it was the holder or assignee of a note when it filed foreclosure proceedings, a New York appeals court on May 8 reversed a trial court’s decision granting summary judgment against a borrower (U.S. Bank National Association, etc. v. Luis Laino, No. 2016-01264, N.Y. Sup., App. Div., 2nd Dept., 2019 N.Y. App. Div. LEXIS 3610)....

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