Judge Dismisses Bank Lawsuit Over Mortgage Foreclosures

Should've helped out the homeowner!

  Forbes-

A federal judge in California has dismissed a lawsuit by Wells Fargo and Deutsche bank that was seeking to halt the city of Richmond, California’s groundbreaking plan to seize mortgages on underwater properties to try and prevent future foreclosures.

Judge Charles Breyer, in a terse, 2-page order, said he must dismiss the case because the claims in it “are not ripe for adjudication.” The banks’ claims that Richmond is unconstitutionally depriving them of their property don’t “rest on contingent future events certain to occur, but rather on future events that may never occur.”

[FORBES]