Foreclosure Letter Falsely Denoted Lienholder Status, 9th Circuit Panel Rules

Mealey's (May 17, 2022, 10:12 AM EDT) -- PASADENA, Calif. — A federal district court properly ruled that a letter a homeowners association (HOA) sent to a holder of a deed of trust in preparation for the foreclosure sale stemming from borrowers’ failure to pay their HOA fees falsely represented that the HOA’s lien was junior to the deed of trust and that a limited liability company’s purchase price for the property was inadequate, a Ninth Circuit U.S. Court of Appeals panel ruled April 29 in affirming....