Daily Archives: March 24, 2013

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NY court reverses robosigning ruling against HSBC

NY court reverses robosigning ruling against HSBC

An appellate court reversed a New York Supreme Court decision against HSBC ($53.46 0.16%), thereby ruling against a homeowner who alleged wrongful foreclosure.

It is a rare instance of a major financial firm winning out in a case where alleged robo-signing is suspected in the foreclosure proceedings.