National round-up: Controversy over disputed foreclosures intensifies

Mon, Jan 17, 2011


Last week I spoke to a number of Colorado congressional representatives about the likelihood of legislation to address questionable bank foreclosure practices.

Nothing has been proposed yet, and it seems unlikely that any of our elected representatives will address such a sticky subject matter in the current session.

But while legislators may be content to allow the matter to work its way through the courts, the problem is not going away.

Today, Fortune contributor Eleanor Bloxham called for bank regulators to take control of the situation.

Without the proper processes and oversight in place, title disputes could become increasingly common in 2011, as Diana Olick at CNBC is predicting another wave of foreclosures in the year ahead.

An interactive timeline and summary of the foreclosure mess here can be found here.

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