Abstract
The primary purpose for this comment is to provide an overview of the foreclosure process while introducing the laws and regulations that would govern an “ideal” foreclosure system. First, it provides a general introduction to the mortgage/foreclosure process. This introduction is crucial; it will help many to understand the way financial institutions have complicated the foreclosure process. Next, it analyzes various states, labeling them as either having “strict” foreclosure laws and regulations or having “lenient” foreclosure laws and regulations. Lastly, this comment discusses the pros and cons of various foreclosure requirements. The ultimate goal of this comment is to establish a set of standards that states and courts should implement in order to provide for a fair, efficient, and comprehensive foreclosure process. Ultimately, this comment advocates for less stringent standing requirements, more court involvement in the foreclosure process, and mandatory mediation.
Recommended Citation
Meek, Bryan E.
(2015)
"Mortgage Foreclosure Proceedings: Where We Have Been and Where We Need to Go,"
Akron Law Review: Vol. 48:
Iss.
1, Article 7.
Available at:
https://ideaexchange.uakron.edu/akronlawreview/vol48/iss1/7