Sunday, May 15, 2011

Foreclosure publication requirements diminished

Legislation brought on behalf of the Tennessee Banker's Association--that would cut the number of times a notice of foreclosure would have to run in the newspaper from three to two--cleared what may be its last major hurdle when the Senate Judiciary Committee, by a vote of five to four recommended for passage SB1299/HB 1920. The action has preempted efforts by the Tennessee Bar Association to enact more comprehensive reforms in the foreclosure process.