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Loan Modification

: Loan Modification & Home Loan News

New rule says banks must prove ownership before foreclosing

By Moe Bedard

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Foreclosure filings have backed off this year compared to 2009, but it may not be a brightening economy causing the decline. A new Florida Supreme Court rule requires lenders to verify they are the actual owners of a home before making the initial case for foreclosure. Show me the “note,” in other words. The problem [...]

Full post as published by Loan Modification & Home Loan News on May 25, 2010 (boomark / email).

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