Why Did Washington Mutual Rescind Congresswoman Richardson’s Foreclosure Sale?
You have to wonder about the machinations that went into Washington Mutual unwinding the foreclosure sale of Congresswoman Laura Richardson’s Sacramento home.
The Congresswoman lost her home to foreclosure and it was sold to James York by the bank. Then when the story hit the press, Richardson got the bank to unwind the sale of the home to York and stop the foreclosure.
York sued the bank and they made him a deal he could not refuse, or talk about. But I would love to be a fly on the wall to see the pressure that was brought upon Washington Mutual by the powers that be, and then the negotiations with York to bury this story.
Washington Mutual Inc., who was Rep. Laura Richardson’s lender, announced Friday that James York’s suit against her and the bank had been resolved, the Torrance Daily Breeze reported.
…
York bought the Sacramento home of the Long Beach Democrat at auction in May after she failed to make mortgage payments.
Washington Mutual rescinded the home sale after news of it became public.
In his lawsuit, York sought to have the house returned to him, as well as punitive damages and costs. via Yahoo! News.
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by The Baglady on 28 July 2008:
So they buried what the deal was with York, huh. I was looking for updates on that story, and I can’t get any answers. Obviously it was a fishy deal that this congresswoman got her home back. It’s disgusting really, and she’s running unopposed in November.