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Real Estate & Property Law

: The Home Equity Theft Reporter

Lenders' Failure To Comply With City's Foreclosure Mediation Ordinance Could Result In Broken Chain Of Title, Ownership Problem For Subsequent Buyers

By r morris

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In Providence, Rhode Island, The Providence Journal reports on a potential problem with the city's recently passed foreclosure mediation ordinance:As it is written, the ?foreclosure mediation ordinance? requires a meeting between lenders and homeowners prior to foreclosure. The goal of the meetings (moderated by an independent third party) is to modify a mortgage so that a homeowner can remain in

Full post as published by The Home Equity Theft Reporter on January 11, 2010 (boomark / email).

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