posted on Feb, 13 2010 @ 08:48 AM
Legally a Huge Case,
I don't think most people understand the implications of this suit, if it goes all the way through, to the highest courts, will set new standards on
The case law and decisions in this case will be huge, hence, it will be in BOA and all other banks to settle this one quickly, out of court.
Even though this has large settlement on it, on many levels, the final courts decisions will be disastrous for bank foreclosures Nation wide, if filed
in federal courts.
Federal decision trump state laws, so any decisions made in Federal circuit courts effect all states and most other federal courts.
Now for the money issue. Let's see who can they sue, the bank, the local law enforcement/bailiffs, any records company or title company that issued
their title, the local court system, etc...
This is really one to follow all the way through and info is public knowledge, on all cases decisions.
I Hope to God they don't settle.
[edit on 13-2-2010 by Realtruth]