Real Estate/Development
Apr. 9, 2011
Bills to Reform Foreclosure Process
Attorneys general from all 50 states and federal agencies have been negotiating with more than a dozen major mortgage lenders for months, seeking to come up with a set of universal foreclosure procedures to minimize shoddy documentation and wrongful foreclosures.
Daily Journal Staff Writer
Attorneys general from all 50 states along with federal agencies have been negotiating with more than a dozen major mortgage lenders for months, seeking to create a set of universal foreclosure procedures to minimize shoddy home loan documentation and wrongful foreclosures.
Meanwhile, two proposed bills pending in the state Legislature aim to accomplish similar goals for California.
One of t...
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