ACK | Madden sponsors legislation for protection on foreclosures

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Madden sponsors legislation for protection on foreclosures

Madden sponsors legislation for protection on foreclosures

From ACK.net [link]

Working with island attorney Jamie Ranney, state Representative Tim Madden has sponsored a bill that would address a number of controversial issues surrounding contested foreclosures cases, including the valid recording of assignments of securitized loans, so-called “robo-signing” by lenders and their agents, and perceived abuses by Mortgage Electronic Registration System, or MERS.

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