Monday, November 1, 2010

Bryan Ellis Real Estate Letter - Attorneys General Foreclosure Probe into Robo-Signer Fiasco Faces Hurdles

Bryan Ellis Real Estate Letter - Attorneys General Foreclosure Probe into Robo-Signer Fiasco Faces Hurdles:
"Probably one of the biggest issues that the AGs face is that 10 of the 12 members of the foreclosure investigation’s executive committee, including Miller himself, are running for reelection and could be leaving office in the coming months. Add to that more petty issues like whether or not the investigation should be called an “inquiry” or an “effort” and you have the potential for stalls around every corner. However, there are “signs that state officials are working together closely” to gain leverage over major lenders, and Miller believes that the AGs will ultimately “push to clean up the mess quickly,” which the entire investigation believes will boost public confidence in the housing market. Miller does not believe that the operation can or should drag on for even the extent of a year. “That would be too long,” he says.



Tomorrow, Miller’s fate will be decided along with that of many other AGs up for election. His competition, Brenna Findley, is backed by Sarah Palin and has raised $1.4 million for her campaign. It is unclear exactly what will happen to the investigation if Miller is ousted. His goal is either to exact penalties in the form of huge"

1 comment:

SellYourHouseUK said...

Before planning to invest property in UK, it is important to thoroughly understand the market. Purchasing properties foreclosed by the bank maybe priced higher but one advantage of it is you'll have the property with clean title.

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