Little-Noticed Bill Could Make It Harder To Challenge Foreclosures

[still_one]

"UPDATE: An Obama administration official tells HuffPost that the White House has 'concerns' about the bill.

Challenging foreclosures could become more difficult for homeowners if the president signs a bill that passed through the Senate last week. The little-noticed bill comes at a time when the validity of foreclosure proceedings across the nation have been called into question.

The House passed the bill in April, and its brisk journey through the Senate has drawn scant attention, Reuters reports. If signed into law, it would require courts to accept certain documents that have been notarized out of state, streamlining foreclosure proceedings and stripping homeowners of one legal method of challenging a foreclosure. The legislation would come just as a foreclosure validity crisis is mounting: GMAC, JPMorgan Chase and Bank of America have admitted to not properly reviewing some of their foreclosure documents."

http://www.huffingtonpost.com/2010/10/07/challenging-foreclosures_n_753818.html

Will he veto it?

[StandingInLeftField]

1. I've emailed the WH this morning to request a veto.

Looks like maybe others have also. Keep it up.

[still_one]

2. I think the message is getting through. However, he has to veto it, not just be against it

and not sign it

[dixiegrrrrl]

3. Amazing how fast Congress can act when it wants to.

All this time the government has expressed concern about anarchy by the people.
We seem to have widespread anarchy by the government, the banks, corporations, etc.

btw...I am not sure a Federal bill can wipe out state property laws.
it might be more effective in some states to contact your state representative.
Maybe...dunno.

[dixiegrrrrl]

4. consequences of the bill are well stated on this site:

http://market-ticker.org/akcs-www?post=168500

the bill is HR 3808.
It is CRUCIAL that as many people as possible tell the WH to veto the bill.
Please see the page for reasons why this bill will screw every single present and future homeowner.

Here is page of all contact information for WH and for all state contacts:

http://www.usa.gov/Contact/Elected.shtml