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Nevada AG Sues Lender Processing Services (LPS)
Written by Robert
DSNews reports that the Nevada AG (Catherine Corez Masto) has filed suit against, LPS alleging deceptive practices against Nevada consumers by executing fraudulent foreclosure documents. According to the AG's office, LPS required employees to notarize and execute up to 4,000 documents every day. The suit also alleges kickback fees and obstruction of communication between foreclosure attorneys and clients.
Read the complete article at DSNews.com
AB284 Drastically Reduces Lenders Ability to Foreclose
Written by Robert
A bill recently passed by the Nevada Legislature, known as AB284, was designed to combat foreclosure abuses such as "robo-signing". The effect of this bill is already being seen in Washoe County. Notice of Defaults and Notice of Sale recordings are drastically down for the Months of October and November. Primarily due to the fact that the Lender must now file an affidavit concurrent with the Notice of Default in which the person signing for the bank must have "personal knowledge" of the property...merely having documentary evidence on the property is not enough.
Read more: AB284 Drastically Reduces Lenders Ability to Foreclose
