n a widely unpublicized move earlier this month, Nevada passed a law making illegal foreclosures, well, illegal!
Since the housing market collapse, many of the more unsavory practices of the mortgage industry have come to light. One of the worst has been the "robo-signing" of foreclosures in which banks have repossessed hundreds of thousands of homes without having the proper documents or sometimes any of the documents at all. One specific aspect of this has now been made a felony by the Nevada legislature. |