The big shot banks had teams of lawyers being paid hundreds of dollars an hour to draft their documents….all of their documents. Then they had teams of lawyers and minions devising their devious little programs and schemes to take on the task of servicing the loans.
But in their mad rush to suck down so much of America’s wealth , they stopped paying attention to details….including not paying attention to theh details of what they wrote into their own damn contracts.
Contracts must be specifically complied with!!
Ambiguities in contracts will be construed against the drafter!!
(and their fancy $600/hour attorneys)
Which brings us to today’s object lesson…the banks routinely failed to comply with a key element of foreclosure….sending the default letter. And when they did….they failed to include the correct language in the default letter they sent.
And if that language ain’t correct….CASE DISMISSED!