Failure to Record Mortgage, an Error Compounded by Three Failed Challenges
…ecured status came to light (about nine months after the bankruptcy case had been closed), the bankruptcy trustee reopened the case, filed a complaint against Wells Fargo, and won summary judgment before U.S. Bankruptcy Judge Nancy Dreher (D. Minn.) to avoid the transfer of mortgage to Wells Fargo as preferential (a transfer, if not perfected prior to filing for bankruptcy, is deemed to occur immediately prior to filing). Wells Fargo appealed th… Continue reading