Banks having fit over Virginia Bill that would stop foreclosure fraud.

[dixiegrrrrl]

To break this down, 2 links:
this link is to the actual bill:

http://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HB1506

This link is to the Market Ticker page that explains and discusses the bill:
http://market-ticker.org/akcs-www?post=177121

this is a summary from the Ticker page:

Bill says: nominee cannot request sale.(That means MERS and any other servicer who claims to be acting for the Trust.)
Bill says: Banks have to prove the chain of title and mortgage, and prove they have right to foreclose.
Bill says: Civil fine of 5,000 if banks don't follow law.

Anyone in Virginia is encouraged to call your state Rep. ( if that will do any good) to support the bill,
( see first link for the bill)

[jwirr]

1. Banks for fraud. There is something kind of wrong with that idea.

[TroubleMan]

2. That's a great bill.

Every state should pass this law.

[upi402]

3. So, where's my class action suit at?

:shrug:

I'm in!

[dixiegrrrrl]

4. Funny you should ask.

Here are a couple of links about how to find class action suits.

http://classactionlawsuitsinthenews.com/


this one is a search engine, you can find suits by state, type, etc.

http://dockets.justia.com/docket/indiana/insdce/1:2010cv01303/30801/

[upi402]

5. I've made a bookmark folder of all the useful links

that I get here, thanks a million to all!