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Tuesday, May 21, 2013         

SPECIAL REPORT: FORECLOSURE FALLOUT | First of 3 parts


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Law comes with deluge of problems

Critics say an effort to facilitate the process has stymied homeowners, lenders and the housing market's recovery

By Andrew Gomes

POSTED: 04:49 p.m. HST, Aug 06, 2012

~~<p>In June, Bank of America filed a lawsuit against Raymond J. Ruddy III, seeking to foreclose on a home he owns on Oahu's North Shore.</p>
<p>The lawsuit is part of a diverted flow of Hawaii foreclosures resulting from controversial changes the Legislature made to state foreclosure law in May 2011.</p>
~~

In June, Bank of America filed a lawsuit against Raymond J. Ruddy III, seeking to foreclose on a home he owns on Oahu's North Shore.

The lawsuit is part of a diverted flow of Hawaii foreclosures resulting from controversial changes the Legislature made to state foreclosure law in May 2011. Login for more...



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