High court to mull role of bad papers in foreclosures

GREENACRES, Fla. – Dec. 9, 2011 – The Florida Supreme Court said Thursday it will rule on an already settled Palm Beach County foreclosure case because the opinion could impact the “mortgage foreclosure crisis throughout this state.”

The court was divided on the unusual decision to hear the settled case, which involves allegedly fraudulent bank documents.

But four of the seven justices said the legal question posed transcends the individual Greenacres homeowner and is one that needs to be answered for lower courts and litigants.

At issue is whether the bank can still be held accountable for fraudulent documents if it voluntarily dismisses the foreclosure case when challenged.

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