Tuesday, October 5, 2010

Texas AG calls for statewide foreclosure suspension

Texas Attorney General Greg Abbott sent a notice to 30 mortgage servicers ordering a freeze on foreclosures and a review of possible faulty affidavits used in the state.
In the notice dated Oct. 4, Abbott writes that affidavits and other documents such as assignments of deeds of trust and appointment of substitute deeds of trust were likely used in Texas.
He ordered the servicers to identify employees or agents who robo-signed affidavits and other documents, all foreclosures in the state connected to those faulty signatures, and describe how the servicer will ensure other documents were properly executed.
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