Why are so many people interested in the landmark Credit River Decision case? I originally blogged about it last year and while I’ve received plenty of interest here, it doesn’t compare to the search engine referrals I’m receiving now about it. It’s a foreclosure case from 1968 where I judged ruled that ‘actual money didn’t back the bank’s loan’.
There are numerous ramblings about the case here on my web site and I invite you to read them to learn more about this little-discussed case. It’s a timely topic considering the state of the American economy and when our nation is facing record foreclosures due to the subprime mortgage meltdown.
The question you should ask yourself is this: Are most foreclosures illegal? According to this case, yes! However, don’t take my word for it. Read the text of the case here and elsewhere on the Internet. There’s plenty of resources to learn about it. Please share it with everyone you know.