More investigations coming
From Kentucky.com: In a new foreclosure crisis that has gone national, attorneys general in all 50 states plus the District of Columbia have launched a sweeping probe of the country’s lenders, even as new figures showed banks repossessed a record number of homes in September.
The joint investigation announced Wednesday, led by Iowa Attorney General Tom Miller, seeks to find out whether mortgage servicers and banks have been using flawed documents in court proceedings that have dispossessed hundreds of thousands of distressed homeowners.
The announcement comes at a time when the foreclosure debacle – which encompasses millions of now-questionable documents, foreclosure-shy title insurers and law firms processing paperwork at a dizzying pace – has mushroomed in magnitude.
Read more: http://www.kentucky.com/2010/10/14/1478870/as-foreclosures-hit-record-nationwide.html#ixzz12OAOKW3p
Leave a Reply
You must be logged in to post a comment.