Well, second day of blogging into the void. Is anyone out there? Links to look at today, hope you have some time to cogitate on this issue and post a comment. Read on.
On Tuesday, that's February 5, 2008, the Cincinnati Enquirer ran an article about the efforts of the Ohio AG to stem the tide in the foreclosure epidemic.
While you are reading the article, remember that two federal Judges in Cleveland recently dismissed a bunch of foreclosures for the very reason that the actual owners of the debt were not parties to the suit. Seems to me to be a standing issue, if you don't own the debt you have no standing to enforce it's collection. The Cleveland cases were reported in the Bellwhether Bellwether Article and Cleveland's Callahan's Diary back in November. Yesterday this issue was the subject of discussion over at the Wall Street Journal Law Blog.
Hamilton County Magistrate Bachman laced into the AG pretty hard. I have not seen the opinion and can't tell if the legal reasoning is correct. Can someone provide a copy to me at always.annoyed@hotmail.com. Anyway how about a discussion here in our city and state where we are actually experiencing the foreclosure epidemic. When you consider the long term consequences of the foreclosure mess, no one really benefits do they? My take on the this issue is a turn on an old adage. Just because you can foreclose doesn't mean that you should foreclose. Anyone care to comment?
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1 comment:
Welcome. I have you in the Bellwether's blogroll, and I have your notice of appearance up on the site. Bon chance.
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