New ‘faster foreclosure’ bill filed | Naked Politics

New ‘faster foreclosure’ bill filed | Naked Politics

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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from.. This process is generally much faster and cheaper than foreclosure by judicial sale.. In a recent New York case, the Court rejected a lender's attempt to foreclose on summary judgment because the lender failed to submit.

Obama sent the bill back to the House of Representatives for further. The chorus of calls from political leaders for a suspension of foreclosures grew on Thursday, And Towns, a New York Democrat, called for top mortgage lenders. controversy once the Senate's rapid passage of bill became public.

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Politics · Buzz · Education · Gradebook · Business · Health. When the "faster foreclosures" law first took effect in July, Florida courts saw 4,386. where banks filed 465 new foreclosures, down from an average of more than 2,000 a month.. The fast-track bill also allows condo associations to hurry along.

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The bill, introduced in both houses, would allow residents to remain in their homes. The state's rapid pace of foreclosure filings has alarmed both elected. for any homeowner who had filed a complaint with state banking regulators.. World · U.S. · Politics · N.Y. · Business · Tech · Science · Health · Sports.

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