Tuesday, October 5, 2010

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Attorney General Abbott Calls for a Halt on Foreclosures While Loan Servicers Review Their Business Practices

AUSTIN -- The Texas Attorney General's office has called for a halt on all foreclosures, all sales of properties previously foreclosed upon and all evictions of persons residing in previously foreclosed upon properties, until companies have completed a review of their processes, including whether employees or agents "robosigned” affidavits and other documents which were recorded in the State of Texas. The suspension notices were sent to 30 loan servicers doing business in Texas in an effort to determine the full harm Texas homeowners may have suffered or could suffer as a result of these business practices.

Media links
List of Mortgage Companies that received the demand letters
Letter to Mortgage Companies