Judges Aren’t Letting Paperwork Slide

Posted by MReed on Aug 25th, 2008 | no comments

(No Ratings Yet)

Loading ...

The housing market continues its deep decline. But even while we are approaching the worst time in history for the housing market since the famous Great Depression, some Judges are actually taking one for the home owner’s team.

Apparently with the huge number of foreclosures being issued by the lenders, lots of mistakes are happening on the paperwork. In fact, some foreclosures are even trying to be pushed through the court system before the lender even has the right to foreclose on it.

Judges in many states are getting in on the act and dismissing these foreclosures causing the plaintiffs to go back and fix the errors or questionable information and then resume the process. Unfortunately, this won’t help every state because only some states require that the foreclosure process even go through the legal system.

However, the states that do require it and have some on the ball Judges working for them, may not see as much of an increase in foreclosures as the rest of the country will.