Abby's Page

That's an excellant idea.  However, if I (one person) and you (again, one person) each contact our State Rep and Senator, it won't have much impact.  However, if we could get each of the over 300 California homeowners that are members of ForeclosureHamlet, that wouls start to make an impact.  Do you know if there is any way to do that?

As I read AB 1321 (CA) (found at http://e-lobbyist.com/gaits/text/187323), it too is flawed.  Proposed Section 2934(a) says that the TD must be recorded within 30 days of execution.  That's fine as far as it goes.  Section 2923.7 is added requiring that an assignment be recorded at least 45 days before a NOD is recorded.  The bill appears to do nothing to address any transfers in ownership of the note that may occur between those two events.  That is exactly what MERS does.  The Counties of California have failed to collect millions of dollars in recording fees that would be due had all the appropriate assignments been recorded as they should have been.  When the mortgage loans, evidenced by deeds of trust are transferred between investors there has been only an accounting entry in MERS in lieu of the appropriate public notice (assignment) that should be recorded each and every time such a transfer occurs.  This has contributed to a small degree to the State's current fiscal situation.  The bill should be amended to state that when any interest in a mortgage promissory note is transferred, an assignment must be recorded in the County Recorder's Office where the property is located  -  but I don't expect to ever see it.

SB 1259 (AZ) has, what I believe to be, a huge flaw, if the servicer is the same as the originating lender, they are exempted from filing the chain of (note) title with the Notice of Trustee's Sale.

I was informed today that the deadline for california bill submissions has expired for this year. "WTF" They should have the balls to go to the governors office and get him to get some emergency legislation going. California always misses the boat.

Hi Abby! Welcome! I heard you are in CA...is that right? I am also in CA, and fighting foreclosure Pro Se. Have 2 cases: 1 unlimited civil, and a UD, with my hearing in 3 days! The bank is plowing right ahead, trying to beat the hearing date for the civil case. My email is mp3rmd729@gmail.com. I'd love to talk to you about CA foreclosures and court procedures. Again...Welcome!