How About ‘Too Big To Go To Jail’?December 23, 2011 – In The News
Forget about foreclosure statistics, declining prices and the alphabet soup of government programs promised to help strapped homeowners in Las Vegas.
Fox Rothschild's Mark Connot said people who purchase bank-owned homes at auction and on the open market are not in danger of having the sale nullified because of an error in paperwork, he said.
"First of all, any dispute is with the bank, not the new purchaser," Connot said. "You have what's called a good-faith purchaser for the value.