Ever hear of H.R. 3808 Interstate Recognition of Notarizations Act of 2010? It was a bill passed through the Senate by unanimous consent, and it’s a mess:
A bill that homeowners advocates warn will make it more difficult to challenge improper foreclosure attempts by big mortgage processors is awaiting President Barack Obama’s signature after it quietly zoomed through the Senate last week.
The bill, passed without public debate in a way that even surprised its main sponsor, Republican Representative Robert Aderholt, requires courts to accept as valid document notarizations made out of state, making it harder to challenge the authenticity of foreclosure and other legal documents.
The timing raised eyebrows, coming during a rising furor over improper affidavits and other filings in foreclosure actions by large mortgage processors such as GMAC, JPMorgan and Bank of America.
President Obama needs to veto this bill if it indeed will make it easier for the banks to pass off falsified documents to foreclosure courts. The “cooling saucer” of the Senate found time to pass this bill without debate while banks are engaging in widespread fraud by seizing properties they do not have title to using false, insufficient or invalid documentation.
I am not a Nevada voter, but I don’t understand how Senate Majority Leader Harry Reid, let alone any Democrat, let’s this nonsense get through the senate while his state is one of the epicenters of the foreclosure crisis, Nevada cities like Las Vegas have unemployment rates at 14.7% and he is an pitched battle with Sharon Angle.