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No Proof? No Dice
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You would think that this would have been the way it was always done, but in Florida, there's a new rule that says banks have to prove ownership of a property before foreclosing. In other words, they have to PROVE they hold a lien on a property -- with paperwork -- before they can foreclose. And that might prove sticky for the banks, especially when a note is years old and has been sold several times. It's hard to work up any sympathy for the banks, however. Thanks to Dave Elliott at WGUF/Naples-Ft. Myers for the link.
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