The windfall from foreclosures | Arkansas Blog

Sunday, October 3, 2010

The windfall from foreclosures

Posted By on Sun, Oct 3, 2010 at 7:58 AM

The Democrat-Gazette today reported on potential legislation to cap personal fees that some county clerks are reaping from holding sales of foreclosed property. In the avalanche of foreclosures, some — such as the clerks in Washington and Benton counties — are making fortunes, $100,000 in a year in one case, from performing the work they were elected to perform. Please note that the Pulaski county clerk's office, according to the article, does not take a personal fee for holding the sales.

This is a good occasion to talk about another windfall from foreclosures. Foreclosure lawyers are spending millions annually to advertise these sales in Arkansas newspapers, another cost to a creditor and of limited public benefit. The public notices are required by law though the interest in the sales is generally limited to the mortgage holder. Why does this system continue? You may have heard that newspaper readership is falling and Internet usage is soaring. Why can't the notices be published for free on government websites? The end of print is coming sooner or later. It's time that the public notice procedure join the digital age.

It is a little paradoxical that, in supposedly serving the public interest with public notices, the law requires the public to pay to see them by purchasing a newspaper. You can guess which lobby shapes the law on legal advertising

And one more complaint about fees for public service: Increasing amounts of public records are now on-line for easy examination. This is wonderful. But some counties — that old money-grubbing Washington County, for one — are requiring fees to view documents on-line. These are documents that are free to view at the courthouses. A single document can cost $4 to view on-line in some counties; some counties charge $130 a month for unlimited access. What's the rationale for charging for Internet access and not for courthouse access? It's unfair. Again, note, that access to Pulaski County records is not subject to a user fee. Thanks, again, Pat O'Brien.

Louie: You have the floor.

Tags: , , ,

From the ArkTimes store

Favorite

Comments (14)

Showing 1-14 of 14

Add a comment

 
Subscribe to this thread:
Showing 1-14 of 14

Add a comment

More by Max Brantley

  • An open line for Sunday

    An open line.
    • Sep 24, 2017
  • City plans more spending on 30 Crossing

    The Little Rock City Board meets Tuesday to set an agenda for the following week and among the "consent" items is a new $175,000 with Nelson/Nygaard consultants to "assist with a comprehensive review" of the 30 Crossing project, otherwise known as the bigger concrete ditch the Department of Transportation wants to tear through the heart of Little Rock.
    • Sep 24, 2017
  • NFL owners rise to defense of players against Trump and false patriots

    Many football team owners have risen to the defense of players against Donald Trump criticism as yet another racially fraught issue seems likely to gain increasing heat thanks to Trump's rhetoric.
    • Sep 24, 2017
  • More »

Readers also liked…

  • In Little Rock, Marco Rubio sells American exceptionalism

    This is Rubio's axiomatic answer to Donald Trump's insistence that he and he alone will Make America Great Again: America is the greatest, always has been.
    • Feb 22, 2016
  • IHOP coming down, but .....

    I always scan the Little Rock City Board for items of interest this week and this one caught my eye: A zoning measure required by a proposal to tear down the IHOP at Markham and University.
    • Apr 30, 2016
  • Civil War over in Fort Smith; lawyer strikes his Rebel mascot battle tent

    KSFM reports that Joey McCutchen, the lawyer who's been trying to restart the Civil War in Fort Smith over the School Board's decision to drop the Rebel mascot and related trappingsfor Southside High School, is dropping his School Board takeover campaign.
    • May 27, 2016

Most Shared

  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.
  • The inadequate legacy of Brown

    LRSD continues to abdicate its responsibility to educate poor black students.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation