Monday, December 27, 2010

Holding banks accountable | NJ.com

New Jersey Chief Justice Stuart Rabner is holding the feet of mortgage lenders to the fire: Prove your foreclosure process is done right or it will be suspended. It’s the only way to hold lenders accountable and protect homeowners from rushed and potentially inaccurate foreclosure orders.

Rabner said foreclosures are growing at “a staggering pace.” This year, the number of filings was 65,000 statewide; four years ago, it was 22,000. Only six percent of those filings are contested.

From: http://ping.fm/AIZPX

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