Fair Foreclosure Act Redux
Last week, I notified you that a court in Bergen Cty dismissed a foreclosure complaint without prejudice for failure to comply with the Notice of Intent to Foreclose requirement of the Fair Foreclosure Act (FFA)
As stated previously, the FFA requires that the borrower be given a Notice which must contain 11 different items of information including the name and address of the lender. Many times with securitized trusts, the lender information is not included in the Notice of Intent.