An Interesting Blog Post From The Golden State
While looking for some blawgs to add to my RSS feed, I stumbled across this blog post from Julia Wei, a California attorney whose practice areas include real estate and lending matters. At first glance, it seems like something that should inspire a knee-jerk reaction in an attorney in my practice area. Once you really get to the meat of what she's discussing, it gets a bit interesting.
Ms. Wei is really commenting on a trend in the world of foreclosures -- firms that will tell you that you can keep your home free and clear of any debt. Given the recent ruling in New York State, where a judge awarded a couple free and clear title to their home, this outcome may seem possible. In the vast majority of cases, this remedy is extreme. It may even be that this judge is reversed on appeal.
More thoughts after the jump.
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