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Change In Judicial Mood On New Jersey Robosigning Scandal Reflected In Recent Rulings

By r morris

The Metropolitan Corporate Counsel reports:New Jersey courts have started clamping down on lenders' ability to enforce mortgage documents by raising concerns when the lender cannot establish that it possesses the original note at the time a foreclosure action is commenced or that it is a holder in due course under the Uniform Commercial Code ("UCC").Two recent decisions, one from the New Jersey

Full post as published by The Home Equity Theft Reporter on January 05, 2011 (boomark / email).