By 49 states, including Ala,, join probe into home foreclosure mess
Montgomery, AL – - Alabama has joined the other 49 states
in an investigation into allegations that mortgage companies
mishandled documents and violated laws when they foreclosed on
hundreds of thousands of homeowners.
Alabama initially was the only state that did not sign onto the
investigation. But Attorney General Troy King said in a statement
Wednesday that his office would join the national investigation.
King said at this time no allegations of violations of Alabama law
have been made concerning the handling of foreclosures.
Attorneys general are investigating allegations concerning the
accuracy and legitimacy of documents that lenders use to evict
people from the homes. Employees of four large lenders have
acknowledged in depositions that they signed off on foreclosure
documents without reading them.