Foreclosure Mills Still Trying Business as Usual

December 17th, 2010
in Background

Naked Capitalism:  New York State responded relatively promptly to the so-called Robo-signing scandal and imposed new requirments. On October 20, it issued a new rule requiring attorneys in foreclosure actions to certify that they have taken reasonable steps to verify the accuracy of documents they submit to the court.  Court proceedings indicate than foreclosures are still being pursued with faulty documentation.

Follow up:

Today, published that a single New York judge, Peter Cohalan, had denied 127 foreclosures under this new provision.

Florida plans to raise the summary judgment bar as of January 3 by requiring plaintiffs in foreclosures to attach copies of payment records to summary judgment filings).

Admittedly, we are only in the early stages of the post robo signing adaptation by banks and servicers, so the situation bears monitoring.  Read more.....

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved