Monday, October 4, 2010

Connecticut Leads The Way!

Not only does the Nutmeg State have the best women's basketball team in the country, but last week it took the lead in dealing with the issue of possible illegitimate foreclosure actions by banks. As those of you who follow this blog are already aware, many defaulted mortgages, as well as subsequent foreclosures, are being called into question across the country as more and more often it is being discovered that documents proving a lender's right to foreclose either don't exist or have nothing to do with the lender wishing to foreclose. Some states have established moratoria on foreclosures in a limited way, while other states have seen specific banks say they are suspending foreclosures while they review relevant documents and loan portfolios.

Not Connecticut! The Attorney General of the state, Richard Blumenthal last week announced a total, as in complete, no exceptions, moratorium on ALL BANKS regarding foreclosures in the state of Connecticut. The freeze on foreclosures will last 60 days, and could be extended beyond at that point if the situation warrants it. If you live in Conn, call your attorney for further advice. No lawyer, call Legal Aid.
Good luck!

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