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Fraudclosure Fail | D.C. Council Alters Foreclosure Law, Removes Clause Which Said That Any Violation of the Law Would Void a Foreclosure

By: capt_nemo in WRGO | Recommend this post (0)
Mon, 18 Jul 11 6:07 PM | 9 view(s)
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[Fail Stamp]

Money talks and deadbeats walk...

Guess it is okay again to steal homes in D.C.

Gotta love how they spin the title to the article...
D.C. Council alters foreclosure law, adds new consumer rights

The D.C. Council enacted emergency legislation Tuesday to amend a controversial clause in its foreclosure mediation law that threatened to stall the sale of foreclosed affected homes across the city.

The move came just days after The Washington Post reported that two large title insurers, which account for nearly 80 percent of the D.C. market share, stopped insuring sales of foreclosed homes because of concerns over the law.

The District implemented regulations in May requiring lenders to enter into mediation with a homeowner bef

http://www.zerohedge.com/article/fraudclosure-fail-dc-council-alters-foreclosure-law-removes-clause-which-said-any-violation-?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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