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Home / OH: AG Loses Foreclosure Argument; Has His Ethics QuestionedOH: AG Loses Foreclosure Argument; Has His Ethics Questioned
Last Updated on Tuesday, 5 February 2008 11:28 Written by rslcpol Tuesday, 5 February 2008 10:08
Poor Ohio Democrat A.G. Marc Dann – he can’t catch a break going to a Barack Obama fundraiser, and he can’t catch a break trying to do the basics of his job. Wonder if there’s going to be repeat of this ‘06 campaign advert run in 2010? Does this rate as another public reprimand yet?
Ohio Attorney General Marc Dann suffered his first setback Monday in a novel effort to slow foreclosure filings in the state – and in doing so had his ethics questioned by a Hamilton County magistrate.Dann argues that lenders can’t foreclose unless they can prove they own the mortgage they say is in default. Paperwork proving ownership often lags behind as lenders buy and sell mortgages. The result is that foreclosing lenders don’t always have the paperwork to prove that they’re the mortgage owners.