“(Reuters) – The Florida Supreme Court is set to hear oral arguments Thursday in a lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial liabilities in the state where they face the bulk of their foreclosure-fraud litigation.
The court is deciding whether banks who used fraudulent documents to file foreclosure lawsuits can dismiss the cases and refile them later with different paperwork.”
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I’m sure that if a consumer was caught presenting fraudulent documents to a bank – say, depositing a check altered to read $70,000 instead of $10,000 – they’d give the consumer a do-over and let her restore the check to $10k and submit it again for deposit.