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Real Estate & Property Law

: The Home Equity Theft Reporter

AZ Bill To Declare F'closures Void When Bank Fails To Produce Full Chain Of Title Advances; Sponsor In Current Tussle w/ Servicer Over TILA Rescission

By r morris

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In Phoenix, Arizona, Bloomberg reports:Arizona may become the first state to require lenders to prove they have the right to foreclose by providing a complete list of any previous owners of the mortgage, under a bill passed yesterday by its Senate.The legislation, which is headed to the House after being approved 28-2 in the Republican-dominated Senate, would allow foreclosure sales to be voided

Full post as published by The Home Equity Theft Reporter on February 25, 2011 (boomark / email).

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