Republican Delegates Recommend Killing Foreclosure Reform
Today, the House of Delegates Civil Law Subcommittee recommended 4-3 to "table" Senator Petersen's bill (SB 163) to protect Virginia homeowners from the use of fraudulent documents in a foreclosure. The recommendation thus prevents the bill from being heard (and voted upon) by the full House of Delegates Courts committee in 2012.
Republican delegates Iaquinto, Loupassi, Habeeb, and Farrell voted against the bill. Democratic delegates Toscano, McClellan and Johnson voted for the bill.
SB 163, which created a civil cause of action for homeowners against banks which used a forged document to obtain a foreclosure, enjoyed a range of political support that spanned the political spectrum.