The Rumor Mill News Reading Room
Nevada Makes Illegal Foreclosures a Felony
Posted By: RumorMail [Send E-Mail]
Date: Sunday, 6-Nov-2011 12:28:30
By Mike Colpitts
Responding to homeowner complaints, Nevada has become the first state in the nation to make illegally repossessing a home a felony, and may send bankers to jail for doing such. The new law was enacted after tens of thousands of homeowners complained
to lawmakers about their homes being foreclosed without proof of ownership. The outcry of consumer complaints over illegal robo-signing tactics has produced a series of lawsuits against mortgage servicing companies and banks in Nevada, which
has led the U.S. in foreclosures six straight years.
Read it here:
<http://www.housingpredictor.com/2011/illegal-foreclosures-felony.html>
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