A class-action lawsuit filed in federal court last month alleges that 72 Oahu homeowner associations and two law firms acting as their agents unlawfully foreclosed on 160 homes beginning in September 2010. The complaint contends the associations and the law firms unlawfully used a swift, nonjudicial foreclosure process intended for use by mortgage lenders, not by homeowners associations, and only when specific language is contained in a mortgage.

Foreclosure News



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