Federal Judge | Investing Foreclosures

Federal judge refuses to block foreclosures

Posted on February 15, 2008 at 12:53 am

Homeowners facing foreclosure could have a hard time defending themselves. A federal judge has refused to temporarily block many Hennepin County foreclosures.Judge Joan Ericksen on Wednesday denied a request for a temporary restraining order against foreclosures initiated by a national electronic mortgage registry. The case is being closely watched by the real estate financing industry because the registry initiates an estimated 40 percent of metro-area foreclosures.

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