“In the midst of economic uncertainty and a poor housing market, home owners are not the only ones suffering from the damage of foreclosures,” writes Goldberg Segalla attorney Annmarie Giblin. “Indeed, in Maya v. Centex Corp., 658 F.3d 1060, 2011 U.S. App. LEXIS 19344, (9th Cir. 2011), the Ninth Circuit reversed the dismissal for lack of standing of a lawsuit against eight large national developers of housing complexes.”
This article provides an analysis of the Maya v. Centex Corp.decision, which is important for builders because it may not only affect the way they conduct their business, but also how many new similar cases will be filed as a result.