Tennessee Foreclosure Bill Fight Rages, Threatens Public Info

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Tennessee Foreclosure Bill Fight Rages, Threatens Public Info

Tennessee Foreclosure Bill Fight Rages, Threatens Public Info

Two news related articles for you below…

Knoxville News Sentinel-

NASHVILLE – Legislation to cut back on the number and length of home foreclosure legal notices now required in Tennessee is being pushed by bankers who stand to save money if the bill passes and opposed by newspapers that stand to lose money.

While that is clear, the two sides – both aided by a contingent of lobbyists – clashed sharply over whether the proposed change would benefit financially strapped homeowners and the general public as the bill advanced in the House last week.

Then jump over to MurfreesboroPost-

All a bank need do is:

1. Serve a single letter of notification to the homeowner.

2. Publish three public notices of foreclosure in the area newspaper.

3. Sell the property at auction.

The only way to slow down the process is to file bankruptcy.

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