VA Senate votes against ‘robo-signing’
The Virginia Senate voted Thursday to outlaw the use of false documents or “robo-signing” in the foreclosure process.
Questionable foreclosures were recently in the news with the $120 million settlement between the Virginia Attorney General Ken Cuccinelli and Lender Processing Services, Inc. This case hinged on surrogate signing.
Bill sponsor Sen. Chap Petersen said about the vote, “People are losing their homes in Virginia because someone in a warehouse in Florida is falsely signing documents. That’s wrong. No Virginian should lose her home due to a lender’s fraudulent actions. Those who have been targeted by fraudulent foreclosures need appropriate recourse.”
Approved by the Senate, the bill will now go to the Virginia House of Delegates.
Be the first to post a comment!
- Virginia State Police asked to investigate Calvary Temple
- Bluemont, Zephaniah Farm vineyards the stars at first-ever Loudoun Wine Awards
- IndED Academies offers alternative homeschool education
- Holocaust history training for Loudoun teachers emphasizes making the right choices
- Minor traffic crash leads to arrest in Purcellville
Thundery outbreaks in nearby
|Hi 92°||Hi 83°|
|Lo 67°||Lo 64°|
|The Loudoun Times-Mirror
is an interactive, digital replica
of the printed newspaper.Open the e-edition now.