http://www.realtytrac.comFinancial Libraryen-usCopyright 2009 RealtyTracdarenb@realtytrac.comseoadmin@realtytrac.comRSS FeedRealtyTrac CMS system60http://feeds.realtytrac.com/~r/financial-library-rss-feed/~3/3Fn5hjKDVGo/financialarticles.aspxA federal bankruptcy judge has set a new precedent that could stop huge numbers of foreclosures nationwide. Her demand: Countrywide Home Loans must document every foreclosure claim it submits in Ohio.<div class="feedflare"> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:YwkR-u9nhCs"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?d=YwkR-u9nhCs" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?i=3Fn5hjKDVGo:3sobDWqSZng:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?i=3Fn5hjKDVGo:3sobDWqSZng:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:KwTdNBX3Jqk"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?i=3Fn5hjKDVGo:3sobDWqSZng:KwTdNBX3Jqk" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?i=3Fn5hjKDVGo:3sobDWqSZng:gIN9vFwOqvQ" border="0"></img></a> <a href="http://feeds.realtytrac.com/~ff/financial-library-rss-feed?a=3Fn5hjKDVGo:3sobDWqSZng:TzevzKxY174"><img src="http://feeds.feedburner.com/~ff/financial-library-rss-feed?d=TzevzKxY174" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/financial-library-rss-feed/~4/3Fn5hjKDVGo" height="1" width="1"/>Peter G. Miller

A federal bankruptcy judge has set a new precedent that could stop huge numbers of foreclosures nationwide. Her demand: Countrywide Home Loans must document every foreclosure claim it submits in Ohio.

0Wed, 16 Sep 2009 08:00:00 GMTA federal bankruptcy judge has set a new precedent that could stop huge numbers of foreclosures nationwide. Her demand: Countrywide Home Loans — now Bank of America — must document every foreclosure claim it submits in Ohio. The decision by Judge Marilyn Shea-Stonum, the chief judge of the U.S. bankruptcy court in northern Ohio, could easily apply in all courts and with all lenders because it gets to a core problem: Large numbers of foreclosures are based on insufficient and sometimes nonexistent paperwork. The result is that lenders are foreclosing homes where they don't actually have a lawful claim, a process which pushes up foreclosure inventories. http://www.realtytrac.com/contentmanagement/financialarticles.aspx?channelid=17&accnt=219663&itemid=7538