Relevant:
- Federal judge questions constitutionality of Colorado foreclosure law
- US Bank walks away from foreclosure on Aurora woman
- U.S. Fifth Circuit Court of Appeals Rules Foreclosing in Texas Without the Note is Okay
- Lenders seek court actions against homeowners years after foreclosure
- Arizona Bill Would Void Foreclosures Without Full Title History
2013-10-15 — denverpost.com
A Rule 120 is actually a court hearing in which a state district-court judge first determines whether a homeowner defaulted on a mortgage and is not in the active military before signing an order to sell the property at public auction.
Brumfiel claimed the process was flawed in that it allows lenders to foreclosure without having to prove their legal right to do so. Lenders at one time were required to produce the mortage note that a homeowner signed, but a law passed in 2006 changed that, allowing lawyers to merely claim the banks had the authority.''
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