Remember this the next time a Virginia politician starts lecturing you about Godly values. Sounds more like Mammon to me!
RICHMOND, Va. — A state House subcommittee voted Monday to effectively kill legislation that would have slowed the pace of home mortgage foreclosures in Virginia that is among the fastest in the nation.
With one dissent on an unrecorded show-of-hands vote as the powerful banking lobby looked on, a Commerce and Labor subcommittee sent the bills for more study by an obscure gubernatorial task force.
The action included all House bills addressing what Sen. Chap Petersen, D-Fairfax, calls “drive-by foreclosures.”
Delegate Bob Marshall’s bill, which was before the 11-member panel, would have extended the foreclosure notice requirement from 14 days to 45. It would also require that loan and property records be recorded in local courthouses.
“What you saw in there was government of the banks, by the banks and for the banks,” Marshall, R-Prince William, said afterward.
And remember, folks: Virginia’s not for lovers!