Thursday, January 27, 2011
Bank of America Ordered to Stop ALL Foreclosures in Nevada a Non-Judicial State - Attorney Seeking Possible Class Action Status
The judge ruled they can only foreclose with a judges order, which is only for judicial state foreclosures. The non-judicial states do not need court orders for foreclosing, the companies can simply foreclose after advertising the foreclosure for 4 weeks.
The non-judicial foreclosure states will have law firms and companies which represent the banks and become the trustees for foreclosing. In Nevada that firm seems to be ReconTrust, which handles the foreclosures for banks.'
Posted by DotConnector at 09:16