Mealey's Banking & Finance - Couple Lack Standing To Challenge Foreclosure Of Home, Judge Rules

DETROIT - A Michigan couple's failure to take action in the six-month redemption period following a foreclosure sale on their home warrants the dismissal of their lawsuit for lack of standing, a federal judge in Michigan ruled March 24 (Robert Selakowski, et al. v. Federal Home Loan Mortgage Corporation, et al., No. 13-12335, E.D. Mich.; 2014 U.S. Dist. LEXIS 37966).

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