Sunday, September 25, 2011

Colorado public trustees pushed to make it easier to foreclose on homes - The Denver Post

Warning this might upset you! But then again maybe it won't. How jaded are we as a nation?

Colorado public trustees pushed to make it easier to foreclose on homes - The Denver Post: "Michael and Ann Rudnick wanted to know that Bank of America was really entitled to foreclose on their Denver home.

After all, the couple had borrowed $265,000 from New Century Mortgage in late 2006, yet it was Bank of America foreclosing three years later.

"They simply wanted to know how Bank of America came to have their mortgage, but they couldn't find out during the foreclosure," said Steven Brunette, the couple's Colorado Springs attorney who's taken up their cause.

The Rudnicks learned that the Legislature years earlier had basically removed a consumer's right to challenge a lender's standing to foreclose on a house.

The changes happened in 2002 and 2006 in paragraphs buried deep inside dense pieces"

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