Mass. AG Begins Probe Into Mortgage Lenders Over Foreclosure Irregularities; Asks Them To Stop Actions Until They Can Show State Law Was Complied With

In Boston, Massachusetts, The Boston Globe reports:

• Attorney General Martha Coakley said yesterday that her office is investigating Bank of America and other creditors for their possible failure to follow state foreclosure laws, and she asked the lenders to put a temporary freeze on foreclosure proceedings in Massachusetts.

• “We are concerned about revelations that Bank of America and other major lenders have failed to properly review foreclosure documentation,’’ Coakley said in a statement. "In light of these revelations, we are asking Bank of America and other major creditors to cease foreclosure proceedings for Massachusetts homeowners until they can demonstrate that they have complied with Massachusetts law.’’

For more, see Coakley is investigating Bank of America, others.