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AZ Rep. Seel Drops Amendment Requiring Pre-Foreclosure Chain of Title, 2 Days After Servicer Grants Principal Reduction

Written on 29 Apr, 2011 at 19:24

AZ Rep. Seel Drops Amendment Requiring Pre-Foreclosure Chain of Title, 2 Days After Servicer Grants Principal Reduction

As a result of that close involvement, Darrell says he personally saw the paperwork indicating both the trustee sale was being cancelled and that the significant principal reduction was being granted as part of Seel’s loan modification. He... (Continue reading)

Tagged with: Arizona Chain of title bill Arizona foreclosure bill arizona house of representatives arizona legialature arizona state senate banking lobby beth findsen chain of title consent orders darrell blomberg diana olick economy FDIC Chair Sheila Bair federal reserve Federal Reserve Chairman Ben Bernanke foreclosure affidavits foreclosure crisis foreclosure defense attorneys HAMP loan modifications lost notes mandelman matters martin andelman MERS mortgage servicers NACA OCC Ocwen OTS preventing foreclosures principal reduction private right of action Re. Carl Seel Rep. Nancy McClain SB 1259 Sen. Michelle Reagan the disappearing sb 1259 Treasury Secretary Tim Geithner who owns my loan

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