Tuesday, May 07, 2013

Lines drawn in battle over foreclosure law's constitutionality - The Denver Post

Lines drawn in battle over foreclosure law's constitutionality - The Denver Post: In question is a law that allows a lawyer to sign a document known as a qualified-holder statement attesting the right of his client, usually a bank or other lender, to foreclose without the need to prove it owns the underlying mortgage.

The statement simply says the lawyer's client is the holder of the original evidence of debt, or the mortgage on the house. And there's no penalty if the lawyer is wrong.

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