Federal Judge Finds Bank Of America Had Authority To Foreclose

Mealey's (December 10, 2015, 1:53 PM EST) -- SHERMAN, Texas — A Texas federal judge on Dec. 9 granted summary judgment in favor of a bank, finding that it had the authority to foreclose on a property (Prestonwood Trust v. Bank of America, N.A., No. 4:14-CV-806, E.D. Texas; 2015 U.S. Dist. LEXIS 164638).

(Opinion available. Document #85-160112-001Z.)

Foreclosure Sale

Bank of America N.A. (BOA) is the owner and holder of a note for a property. The obligors on the note, Michael and Emma Briggs, defaulted on their homeowners association payments. The Gates of Prestonwood...
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