New Jersey Court Clarifies Requirements for Debt Purchasers Suing on Credit Card Debts

Posted by May 10, 2014 ,

In an unpublished decision, a New Jersey appeals court clarified the legal requirements that credit card debt purchasers must meet in order to pursue collection from consumer account holders.   Main Street Acquisition Corp. v. Nemeth (App. Div., April 1, 2014). Specifically, the appellate  court declared: A plaintiff suing on an assigned, char ... Read More.

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Mortgage Lender Hit with $54,000 Legal Fee in Doomed Foreclosure Case

Posted by May 1, 2014

In a stunning reversal of fortune, HSBC Bank was ordered to pay over $54,000 in legal fees incurred by homeowners who successfully fended off a foreclosure suit based on HSBC's inability to prove ownership of the underlying mortgage and note.   HSBC Bank vs. Nini, A-1941-11T1 (App. Div. , Unpublished, April 30, 2014). According to the Appellate ... Read More.

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