In re Lee
Jun
26
2009
Ruling
Sanctions limited to publication of court's opinion imposed on counsel for lender that did not own note that was basis for proof of claim.
Procedural posture
A lender was denied relief from the automatic bankruptcy stay to foreclose against a bankruptcy debtor's real property after the bankruptcy court discovered that the lender did not own the note secured by the property, and that the copy of the note provided by the lender was not a true and correct copy. The bankruptcy court issued an order to show cause why sanctions should not be imposed on counsel for the lender.
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Court
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