31 January 2011

Good News: More Banks Required to Obey the Law

Yves Smith brings this good news to our attention:

Even though this example involves only three judges in Ohio, don’t underestimate its significance. The fact that judges of their own initiative have started insisting that all attorneys provide certifications of foreclosure-related documents, a standard now in effect in New York state, shows how much their credibility has fallen.

Let’s hope these requirements spread to every jurisdiction before things are too late.

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