Obama sends foreclosure docs bill back to Congress

It’s official.  From the Associated Press by Alan Zibel and Ben Feller.

O. Max Gardner, a consumer lawyer in Shelby, N.C., said the bill would have made the problems with foreclosure documents worse. That’s because mortgage companies would have been able to mass-produce documents and affix a digital version of a notary’s seal rather than one on paper.

“They could process more foreclosure cases with improper and invalid documents and make it more difficult for consumers to try to fight,” he said. …