Relevant:
- GSEs Failed to Pursue Judgments on Foreclosed Borrowers, Watchdog Says
- Foreclosure challenge dies quiet death in federal court
- Foreclosures in 30 Seconds Get Time Out as Florida Courts Hit a Fraud Wall
- Schwartzwald Case means that Foreclosed Homeowners Should Take A Second Look Legal Issues Related to Their Foreclosure
- Homeowners coming up short
2013-04-30 — miamiherald.com
``The legislation would make banks prove in more detail that they own a mortgage or explain why they can't prove ownership. It also creates a process for others besides mortgage-holders to ask the court to speed up foreclosure cases.
Another key provision would reduce the statute of limitations, or amount of time, for banks to go after foreclosed homeowners on deficiency judgments - from five years to one year. Deficiencies are the difference between the money obtained from selling a foreclosed home and what the original homeowner still owes on it.''
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