Alerts
February 24, 2016
California Supreme Court Addresses Foreclosed Borrower's Standing to Sue for Wrongful Foreclosure
Mark Kenney and Kerry Franich of the Severson & Werson firm assess the impact of the California Supreme Court's February 18, 2016 decision in Yvanova v. New Century Mortgage Co. In Yvanova, the Court held that a foreclosed borrower may sue for wrongful foreclosure based on an argument that the assignment of the loan and beneficial interest in the deed of trust was void, rather than merely voidable. Mark and Kerry's report is attached below.
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