Maine joins 50-state foreclosure investigation

The Associated Press
Posted Oct. 13, 2010, at 3:45 p.m.

AUGUSTA, Maine — Maine Attorney General Janet Mills says the 50-state investigation of “robo-signing” of home foreclosure documents brings about answers to a national scandal that “affects peoples’ homes, the stability of our families and our local economy.”

On Wednesday, Maine and 49 other states and the District of Columbia launched the investigation into allegations that mortgage companies mishandled documents and broke laws in thousands of foreclosures.

Mills said several court decisions in Maine in the last two months found serious flaws with documents. In one case, a Maine District Court judge found “bad faith” on the part of GMAC employee Jeffrey Stephan, who has said he signed 10,000 documents a month without personally verifying the mortgage information.

http://bangordailynews.com/2010/10/13/business/maine-joins-50state-foreclosure-investigation/ printed on October 24, 2014