Weitz Law Firm - 520 Kirkland Way, Ste 103 - Kirkland, WA - (425) 889-9300

Friday, October 15, 2010

State Attorney Generals Investigate Foreclosures

AP - Attorney Generals from all 50 states agree to investigate foreclosure fraud.

Below is a video from the Dylan Ratigan show showing an interview with the Attorney General of Ohio.

One of the issues that many are not talking about is the potential for the investors of the loans and/or the government to file lawsuits against the banks and force them to take these loans back...this is not simply a 'robo-singing' problem, or notary problem....forcing the banks to void the previous sales would force many of these banks into bankruptcy, or a more likely solution, would be to acitvate the 'Resolution Trust' authority that would allow the Government to take over the banks and transition the assets to smaller banks over time.

This could get interesting!!

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