"They could process more foreclosure cases with improper and invalid documents and make it more difficult for consumers to try to fight,"
Foreclosure Bill Gets Rejected By Obama | TheLedger.com
More then this.
This bill would have made millions of fraudulent home loans legal. Bank of America has been forced to freeze all foreclosures because this didn't pass. Many other banks are also voluntarily freezing them as well, so they can't get sued for a fraudulent loan.
This also means that there are a few foreclosed homes that the previous owners can go, sue the bank, and get their house + the interest they paid on the loan.
"They could process more foreclosure cases with improper and invalid documents and make it more difficult for consumers to try to fight,"
What's the pint of this?
~Gifts~
Thanks Evelyn for avatar
this is extremely old news
Early in the morning risin' to the street
Light me up that cigarette and I strap shoes on my feet
Got to find a reason a reason things went wrong
Got to find a reason why my money's all gone
Early in the morning risin' to the street
Light me up that cigarette and I strap shoes on my feet
Got to find a reason a reason things went wrong
Got to find a reason why my money's all gone