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Friday, October 08, 2010

White House Says President Won't Sign Bill That Could Make It Harder To Fight Foreclosures

In April, legislation was introduced in the House of Representatives that would require courts to recognize out-of-state notarizations. It got little notice at the time and was deemed dead-on-arrival by some. Then in the last couple weeks, GMAC, JPMorgan Chase and Bank of America announce they are freezing foreclosures in multiple states, in part because of improper notarizations. Suddenly, this bill passes through the Senate without any debate. It was enough to make the White House say "hmmmmm" when it arrived at the Oval Office for the President's signature.

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2 comments:

  1. Looks like those "campaign contributions" are starting to work. Does ANYONE think that there is a single senator or representative that can't be bribed? If so, then perhaps you might be able to arrange a meeting for me with Santa Claus....

    ReplyDelete
  2. The right thing to do. Give credit where credit is due.

    ReplyDelete

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