In a shocking decision, a Georgia court rules that banks must follow the law:
State law was modified in 2008 to require that foreclosure notices and legal advertisements include the name and contact information of the mortgage owner and of organizations that could negotiate a modification, short sale or other relief on lender’s behalf.
“A debtor has a right to know which entity has the authority to foreclose, and there should be no confusion about the identity of that entity. The practical ramifications are troubling if it were otherwise,” the court majority agreed in its opinion.
This may be the end of the economy as we know it.
Oh whatever shall we do?