California, Illinois AGs Slap Subpoenas On Foreclosure Document Preparation Sweatshop As Some States Begin Acting Independently Of 50-State AG Probe
- The attorneys general of four states including Illinois and California announced new demands in their probes of foreclosure practices by banks and the mortgage- servicing industry.
- California Attorney General Kamala Harris said [] she subpoenaed Lender Processing Services Inc. (LPS) as part of her investigation into so-called “robo-signing,” the practice signing foreclosure documents without verifying their accuracy.
- Illinois Attorney General Lisa Madigan is issuing subpoenas to Lender Processing and Nationwide Title Clearing Inc., another Florida-based company, she said [].
- “Foreclosure became a rubber-stamping operation that robbed many homeowners of the American dream without a fair and accurate process,” Madigan said in a statement. “California homeowners have been exposed to fraud and crime at every step of the mortgage process,” Harris said in a separate statement.
For more, see Four States’ Lawyers Announce New Foreclosure Probe Actions.
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