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Bank cannot foreclose if it fails to mediate in good faith as required by state law

May 9th, 2012 by Joseph William Singer

In Pasillas v. HSBC Bank USA, 255 P.3d 1281 (Nev. 2011), the Nevada Supreme Court held that a bank cannot foreclose if it fails to act in good faith to participate in state-mandated mediation with the borrower.

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