State AGs Warn TARP II May Preempt State Laws Requiring Publication of Pre-Foreclosure Sale Notices
February 5, 2009
Two state attorneys general are raising concern that the Treasury Department’s Troubled Asset Relief Program could unintentionally preempt state law requiring public notices prior to the sale of foreclosed properties. The sheriff of Wayne County, Michigan, which includes Detroit, this week ceased enforcing foreclosure sales because of TARP. In recent letters to the Treasury Department...