Sunday, May 6, 2012

right-to-foreclose ballot initiative

Two of Colorado’s largest banking associations are digging in for what could be a protracted battle against a ballot initiative that would require lenders to prove their right to foreclose on property.
Currently, a bank can foreclose with just a lawyer’s signature without proof — such as a properly assigned mortgage — that it is owed the money.
Initiative 84 would require lenders to show proof of ... read more



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