AG attempts to stop foreclosures
The Texas Attorney General's office called for a halt on all foreclosures today amid widespread scrutiny over the way foreclosures are processed nationwide.
Notices to suspend foreclosures were sent to 27 loan servicers doing business in Texas,
including Bank of America and JPMorgan Chase & Co.
The office would not release the list of companies that received notices.
The state office also called for a halt on the sales of properties previously foreclosed upon and all evictions of people living in previously foreclosed upon properties.
The action is being taken "in an effort to determine the full harm Texas homeowners may have suffered or could suffer as a result of these business practices," including improperly signing documents related to the foreclosure process, according to a statement late today by Jerry Strickland, a spokesman for Attorney General Greg Abbott.
http://blogs.chron.com/primeproperty/2010/10/ag_attempts_to_stop_foreclosur.htmlThe above is the full story,from the link.
crossposted in the Economy forum.