Arizona may become the first state to require lenders to prove they have the right to foreclose by providing a complete list of any previous owners of the mortgage, under a bill passed yesterday by its Senate.
The legislation, which is headed to the House after being approved 28-2 in the Republican-dominated Senate, would allow foreclosure sales to be voided if lenders that didn’t originate the loan can’t produce the full chain of title. Arizona permits nonjudicial foreclosures, meaning property can be seized from the homeowner without a court order.
Lawmakers in states including New York, Oregon and Virginia also have proposed legislation to address concerns among consumer advocates that lenders or mortgage servicers are using incomplete or false paperwork to repossess properties in default. The attorneys general of all 50 states are jointly investigating how the mortgage-servicing industry operates.
“If you foreclose on somebody you should have to tell them who owns the property,” Michele Reagan, who sponsored Senate Bill 1259, said in a telephone interview. “People have the right in this country to face their accusers.” The Republican lawmaker is in litigation with her mortgage servicer, which she said won’t identify the owner of the loan.
Category: Class War
First Draft
Please continue to read Scout Prime’s wonderful updates from the front lines in Wisconsin.
Self defense
I don’t know if it’s from growing up with three brothers, but my responses to attack are much more typically male than not.
The first time someone tried to rape me, I was 15. I was in the subway, walking through a tunnel toward the stairway up to the street when a man pushed me up against the wall, holding my neck with his forearm (which was holding a knife).
I remember thinking to myself, “It’s 10:30 in the morning in the subway, and this guy’s trying to rape me?” Fortunately for me, I’m good at multitasking, because while I was being incredulous, my body just dealt with it; without even thinking, I kneed the guy in the groin with all my might. The guy crumbled, and I walked away, fast.
I remember he was lying on the ground, shouting as I left, “I thought your kind liked that!”
I never did figure out what kind he meant. Just women in general, I guess. We’re all asking for it.
Don’t make me hurt you
Republicans want Dems to stop them from shutting down the budget!
Deluded
Union workers
Goddamned lazy, overpaid teachers who don’t work as hard as Chris Christie!
Casinos
It’s all about the ethnic makeup! Imagine if a giant saloon announced it was locating somewhere because it was in an Irish neighborhood, “and we all know how they like to drink.”
Teabags and sympathy
Organize
Rerun from October. I thought it seemed timely – again.
Did you know that during the Greater Depression, communists and socialists organized people all over the country to stop foreclosures and evictions? Why aren’t more of us doing it now?
After the Battle of the Bronx, as it was later called, the landlords at Bronx Park East asked a blue ribbon committee of Bronx Jewish leaders to arbitrate the dispute. But the strike leaders rejected arbitration. “When times were good,” strike leader Max Kaimowitz declared “the landlords didn’t offer to share their profits with us. The landlords made enough money off us when we had it. Now that we haven’t got it, the landlords must be satisfied with less.”
The landlords retaliated by forming rent strike committees. They used their resources to push through quick evictions. Many of the renter strikes were broken. Mass evictions took place at 665 Allerton Avenue and 1890 Unionport Road.
The landlords continued their offensive and the judges rarely considered the neediness of the families. By December 1932 is appeared that the Bronx rent strikes had largely been crushed.
But then something happened.
in December of 1932 and January of 1933, the Unemployed Councils began a new wave of strikes that rapidly assumed far greater proportions than the last one. Beginning in Crotona Park East, the strikes spread into Brownsville, Williamsburg, Boro Park, the Lower East Side, and much of the East Bronx. In February of 1933, a panicked Real Estate News writer warned that “there are more than 200 buildings in the Borough of the Bronx in which rent strikes are in progress, and a considerably greater number in which such disturbances are brewing or in contemplation.”
Food riots
Our current economic policies are unsustainable:
Bill Clinton is warning of food riots in poor nations because of rising global food prices rising and more corn being diverted to the production of ethanol fuel.
The former President Clinton told farmers and Agriculture Department employees on that while producing biofuels is important for reducing America’s dependence on foreign oil, farmers should also look beyond domestic production and consider the needs of developing countries.
Clinton said, “I think the best thing to say is we have to become energy independent, but we don’t want to do it at the cost of food riots.”
He said the United States needs to look at the long term, global effects of its farm policy.
Clinton said, “We know that the way we produce and consume energy has to change, yet for farmers there are no simple answers.”
“There is a way for us to do this and to do it right.”