TALLAHASSEE, Fla. – Aug. 1, 2011 – The first Florida court case involving “robo-signing” of foreclosure documents was scheduled to go before the Florida Supreme Court, but the state’s high court will no longer consider the issue – at least for now.
The Bank of New York Mellon and the Lake Worth homeowner pursuing the case settled out of court. A document filed with the Supreme Court Thursday in Pino v. Bank of New York Mellon said lawyers settled the matter and stipulated to dismissal of the case.
In the closely watched case, the bank dismissed a foreclosure in order to avoid an investigation into alleged fraud involving the documents in the case. The Palm Beach County homeowner, Roman Pino, alleged that BNY Mellon, which was accused of illegally back-dating documents, simply quit pursuing the foreclosure to avoid answering the allegations.
Florida’s Fourth District Court of Appeal had ruled in favor of the bank, but also asked the Supreme Court to review the case because so many foreclosures “appear tainted with suspect documents.”
Source: News Service of Florida