Attorney General Lori Swanson along with six other state regulators are looking into allegations that some large lending institutions let employees routinely sign off on foreclosure affidavits without actually reviewing them or verifying accuracy.
Last week, Bank of America, Chase and GMAC Mortgage halted foreclosures in 23 states but Minnesota was not included.
The positive news (if there is any) is that foreclosures that were set to occur in 2010 will be pushed into 2011, temporarily slowing the drop in home values but doing nothing to stop the foreclosures
Source: Star Tribune
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