I don’t really understand the unanimous passing of a bill that seems to make it easier for banks to commit fraud. Unless they know how eff’d up the whole mess is and this is the only way out.
From the article
” It would have required state and federal courts to accept documents of many different kinds that are notarized by people or computers in other states. The House passed the bill in April by “voice vote” and the Senate passed it unanimously Sept. 27.”
It wasn’t necessarily fraud but sometimes was the result of confusion because of competing claims. I think the purpose of the bill was to establish a clear title by accepting the signatures as genuine.
Not only can’t banks foreclose, but you can’t even sell your house or buy another’s house without a clear title.