Bully Bankster Dodges Bullet When Foreclosing Loan Backed By Dubious Evidence; Gets 11th Hour Cold Feet On Eve Of Trial, Dismisses Case

In Sandusky, Ohio, the Sandusky Register published a recent account [by local attorney Dan McGookey] involving an area-homeowner who had reportedly been screwed over by the financial institution holding her home loan after successfully emerging from a Chapter 13 bankruptcy. The loan ultimately went into foreclosure, she responded with a fight, and the following excerpt describes what happened when the parties were about to go to trial:

• Then on the eve of trial, without explanation her bank suddenly dismissed the case, abandoning its 9-year-long effort. Why, after all that time and expense, would the bank get cold feet and reverse course?
  
  We will never know for sure, but a good guess is that it didn’t want its evidence exposed to the scrutiny a trial would bring.
  
  Keep in mind, that chances are that like Stephanie’s, your mortgage is in a trust bundled with thousands of other loans, and the bank may not want to risk putting all its loans into play should it lose one case.

For the story, see Cold feet: Bank walks away from 9-year foreclosure.