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What the election means for foreclosures and robo-signing

By
Real Estate Broker/Owner with City Management Group

All 50 state attorneys general agreed to jointly pursue the issue, but half of their 12-member executive committee now find themselves in their last months of service. Arizona, California, Connecticut, Florida, New York and Ohio will all have new attorneys general come January.

Most prominent in that group is Ohio Attorney General Richard Cordray, who had filed suit against Ally Financial, alleging that the bank and its employees had signed and filed false affidavits in foreclosure cases, a practice commonly known as robo-signing.

Cordray lost his reelection bid to Republican Mike DeWine, who has not yet declared whether he intends to pursue the issue.

"After [Iowa Attorney General Tom Miller], Cordray was the single most visible attorney general in this effort," said Peter Swire, a law professor at Ohio State and former special assistant for economic policy at the White House

 

NOW COULDNT THIS HAVE ALL BEEN PREVENTED?????

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