Court: Borrower Waived Pre-Foreclosure Right to Meeting

May 04, 2020

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DSNews--Adam Diaz, Litigation Partner at Diaz Anselmo Lindberg, P.A.

The United States Court of Appeals for the Fourth Circuit ruled in favor of Bank of America on a case, stating that the borrowers’ cease and desist letter “…was a clear expression that…[they] would not cooperate with the Bank to conduct a face to face meeting…” and therefore such a meeting was not required under 24 C.F.R. § 203.604(c)(3).

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