Foreclosures Registry Passed in San Diego

Banks will now have to register San Diego city homes in the foreclosure process into a tracking database starting early next year.  Banks will have to pay a $76 fee for each property within 10 days of the notice of default filing. If lenders fail to do this, they will face a fine of $100 a day, capped at $5,000 a year.  San Diego County has suffered through more than 65,000 foreclosures since 2007, mainly the result of reckless lending practices.  Read More... http://www.utsandiego.com/news/2012/nov/13/foreclosure-registry-headline-goes-here/