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New rule says banks must prove ownership before foreclosing

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posted on May, 24 2010 @ 07:47 PM
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A new Florida Supreme Court rule requires lenders to verify they are the actual owners of a home before making the initial case for foreclosure.


Palm Beach Post article




posted on May, 24 2010 @ 07:59 PM
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reply to post by sligtlyskeptical
 


That does seem to me the bare minimum one would expect a bank to need before foreclosure. Proof that it actually owned the home.

The system has gone a little crazy lately.



posted on May, 25 2010 @ 04:02 PM
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Originally posted by Illusionsaregrander
reply to post by sligtlyskeptical
 


That does seem to me the bare minimum one would expect a bank to need before foreclosure. Proof that it actually owned the home.

The system has gone a little crazy lately.


Lol, yeah-- makes you wonder what was going on before.

"Hey umm... Mr Bob.. I'm going to have to foreclose your home. ...What, proof I own it? I don't need proof, you need to move out!"



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