St. Clair v. U.S. Bank National Association

VILLANTI, Chief Judge.

Ronald St. Clair seeks review of the trial court’s final judgment of foreclosure in favor of U.S. Bank. Because the trial court erred in finding that U.S. Bank demonstrated it had standing to foreclose, we reverse.

After St. Clair defaulted on a loan issued by original mortgagor Lenders Direct Capital Corporation, U.S. Bank brought foreclosure proceedings. St. Clair defended, alleging that U.S. Bank failed to prove standing. Although U.S. Bank maintained that the mortgage and note were sold to it by Lenders Direct, neither document had been indorsed. Despite the lack of…