Foreclosures Attract Attention from Both Parties

By WESLEY P. HESTER A bipartisan coalition of legislators is seeking sweeping changes to state foreclosure laws aimed at protecting homeowners and tightening record-keeping practices.

In a rare joint appearance Monday, Del. Robert G. Marshall, R-Prince William, Sen. A. Donald McEachin, D-Henrico, Del. Robin A. Abbott, D-Newport News, and Sen. Chap Petersen, D-Fairfax City held a news conference to address a package of foreclosure bills.

Perhaps the highest profile of those is Marshall's, which would require that mortgage transfers be recorded in local land records and that investors and lenders file documents there before foreclosing.

...

Read the full article at Richmond Times Dispatch