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Forum Post: Nevada Foreclosure Fraud Stopped – As Soon As It Was Made A Felony

Posted 9 years ago on Aug. 12, 2012, 3:14 a.m. EST by CrepusculousRays (12)
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Subject: GEE! DO YA THINK?? Nevada Foreclosure Fraud Stopped ??? As Soon As It Was Made A Felony?


Once Nevada made it a crime (a felony) to file fraudulent mortgage foreclosure paperwork with the courts, subject to 10 years in jail and fines of $10,000 per violation??? Foreclosures stopped.



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[-] 3 points by richardkentgates (3269) 9 years ago

LMAO. WOW. Nevada got it right. Sweeeeeeeeeeeeeeeeeet!

[-] 2 points by Nevada1 (5843) 9 years ago

Good post. Just wondering, if NV AG Catherine Cortez Masto has any plans for the next eight years?


[-] 2 points by jrhirsch (4714) from Sun City, CA 9 years ago

Good post. Too bad we didn't have this nationwide 4 years ago.

[-] 1 points by shoozTroll (17632) 9 years ago

Kind of like a regulation, only more effective............:)

[-] 1 points by ChemLady (576) 9 years ago

It will certainly slow down foreclosures, maybe make the banks more willing to renegotiate loans. In the end though if someone can't repay what they borrowed they are still going to loose the home.