Couple’s Alleged Failure To Know Of Junior Mortgage Cannot Halt Foreclosure

Mealey's (November 26, 2019, 6:13 PM EST) -- DALLAS — A federal judge in Texas on Nov. 12 awarded summary judgment to a mortgage lender after rejecting a couple’s argument that their failure to know about the existence of a junior mortgage that constituted 20 percent of the value of their home barred the lender from initiating foreclosure proceedings (Charles Constance, et al. v. Interstate Intrinsic Value Fund A LLC, No. 18-CV-3047-BK, N.D. Texas, 2019 U.S. Dist. LEXIS 195682)....