Fed up with the foreclosure chaos, the New Jersey courts demanded that banks prove the integrity of their home repossession systems or face shutdown.
To demonstrate the need for the Dec. 20 order, New Jersey cited flaws in six Florida foreclosure cases, including three in Palm Beach County, as examples.
In Nevada and Arizona, attorneys general last month sued Bank of America for a dual-track foreclosure system that offers homeowners hope with a loan modification, while at the same time taking away the home in court. Called deceptive and labeled consumer fraud in the lawsuits, the practice is also prevalent in the Sunshine State.
And on Friday, the Massachusetts Supreme Court issued a bombshell ruling against banks' ability to foreclose on homes - a decision could reverberate nationwide.
The moves by other states to address the foreclosure morass has Florida homeowner advocates and defense attorneys asking why more isn't being done here.
From: http://ping.fm/ChAQ7
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