Alabama

Ala. court says alleged problems with securitization aren’t a borrower concern 

It might not get the popular press that some more damning foreclosure cases have tended to draw — which ought to be instructive about the bias of much of the media — but a ruling last week out of Alabama might prove to be more instrumental than many of its more-sensationalized brethren. The case, U.S. Bank v. Congress, hails out of the Circuit Court of Jefferson County, Ala. The defendant in this case, Erica Congress, saw her home foreclosed upon in November of 2009 by U.S. Bank [stock USB][/stock].