Virginia Foreclosure Bills Get Derailed: Republican Lawmaker Calls It 'Government of the Banks, By the Banks, and For the Banks'

The bills were supposed to slow the pace of foreclosures in the Commonwealth, which has one of the fastest "takeback" procedures in the nation.

In 2010, foreclosures in the Charlottesville area rose 225% over 2009.  2011 is expected to see even more foreclosures.

The bills sought to change the way property ownership is recorded, in an effort to bypass the controversial MERS, the Mortgage