ALLEGATIONS that homes across America have been repossessed illegally have triggered an official investigation.
Eric Holder, the Attorney-General, said that the Justice Department would look into reports that loan servicers, which work for lenders, have been using "robo-signers" - individuals who have signed thousands of foreclosure documents a week without checking the paperwork.
The move coincides with a decision by the White House to review pending legislation on home foreclosures.
Both actions add heat to a growing controversy that has forced at least three banks to halt eviction proceedings.
Coming only weeks before the congressional elections, it has highlighted one of the most visible and emotive aspects of the economic crisis in America, which has resulted in millions of people losing their homes...
From: http://ping.fm/LspMR
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment