That’s putting it rather mildly, I think.
A bill that homeowners advocates warn will make it more difficult to challenge improper foreclosure attempts by big mortgage processors is awaiting President Barack Obama’s signature after it quietly zoomed through the Senate last week.
What this bill does is require that courts in one state respect as valid the notarizations of out-of-state notaries, even if performed by a method not recognized in that state. This would force states that do not recognize as valid “batch” notarizations performed by machines to accept them anyway. For those of you not familiar with the purpose and process of the notary public, it is meant to provide third-part validation that signatures and so on are true and correct. Kind of difficult for a machine to do that, I’d think.
Given that this has been quietly forced through “the greatest deliberative body on the planet” just as revelations about abuse of the foreclosure process by some of the big banks are becoming public, you just have to wonder. The Big O is said to be looking it over, but my bet is that he’ll sign it. He’s taken too many dings as “anti-business” lately, and November is upon us.
Of course, I’m sure that it will stand up in court–as long as we don’t mind listening to the screaming as the Commerce Clause is tortured just a bit more.