Judge Orders Temporary Halt Of Foreclosure Proceedings In Predatory Lending Suit

Mealey's (December 22, 2020, 11:45 AM EST) -- SAN FRANCISCO — A federal judge in California overseeing a predatory lending lawsuit filed by Greek immigrants issued a temporary restraining order (TRO) on Dec. 17 barring a lender from selling its borrowers’ home the same day in a foreclosure sale after ruling that the borrowers have shown that “imminent harm looms” if the home is sold (Nikolaos Psarakis, et al. v. World Business Lenders Inc., et al., No. 20-8868, N.D. Calif., 2020 U.S. Dist. LEXIS 237753)....