Sunday, December 19, 2010

"We Will Put People In Jail!" Vows Iowa AG Referring To Ongoing Robosigner Probe

Reuters reports:

  • Iowa's attorney general, who is leading a nationwide probe of questionable home foreclosures, met with struggling homeowners on Tuesday and said he may bring criminal charges in his state.

  • "We will put people in jail," Iowa Attorney General Tom Miller said, referring to cases in his state he plans to prosecute with the U.S. Attorney in southern Iowa.

  • A public furor erupted in September over whether banks cut corners in the foreclosure process, using so-called "robo-signers" of legal documents to justify taking homes. Miller heads up the multi-state foreclosure probe comprised of all 50 state attorneys general. They have met with leading U.S. mortgage servicers to discuss a settlement over allegations related to shoddy foreclosure paperwork, which some homeowners say have resulted in illegal evictions.

For more, see Iowa may bring criminal charges in foreclosures scandal.

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