The majority of foreclosure stoppage is currently servicer-imposed. However, more and more state attorneys general are looking to force foreclosure moratoria.
"A week after GMAC’s announcement, attorneys general in
California and
Connecticut ordered GMAC to freeze all foreclosures within their states," write researchers Paul Jablansky, Desmond Macauley and Ying Wang. "The actions taken by California highlight the likelihood that deficiencies that exist in judicial state foreclosure filings also exist in non-judicial states."
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