Shaky housing market about to get even shakier

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?

Yahoo launches feature-heavy mortgage calculator

Joins Google in developing native mortgage tool

Home eviction leads to grisly, tragic discovery

Police discover two children’s bodies in freezer
W S

Nevada AG calls for foreclosure moratorium

/ Print / Reprints /
| Share More
/ Text Size+
Nevada Attorney General Catherine Cortez Masto has asked banks and lenders to place a moratorium on foreclosures in her state temporarily in light of the robo-signing controversy. The AG's office said Monday that a letter went out to all banks and mortgage companies who have provided mortgage loans to Nevada residents. Although foreclosure filings in Nevada are not done through a court of law, the AG's office said it wants to ensure that proper safeguards are in place before a foreclosure proceeds. The AG said it sent a letter to Bank of America and all other banks and lenders making mortgages in Nevada seeking a moratorium on all foreclosures, evictions and REO sales until lenders meet with the AG's office to discuss processes and operations used in default servicing of Nevada clients, the AG's office told HousingWire. Although it is a nonjudicial state, certain foreclosure documents must still be filed with the appropriate county recorder. The "filings still rely on an internal review process to ensure proper chain of title and other safeguards," the letter said. "Similar questions and issues regarding the accuracy of judicial foreclosure affidavits taint the entire process and create a negative presumption concerning the accuracy of any representations made in (foreclosure) documents." The letter is dated Oct. 7. Write to Kerry Curry.

Recent Articles by HousingWire Staff

Comments powered by Disqus