Don’t Mess With Texas – Attorney General Calls for Statewide Foreclosure Freeze

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Texas AG calls for statewide foreclosure freeze

AUSTIN, Texas

Texas Attorney General Greg Abbott asked loan servicing companies on Monday to suspend all foreclosure activities over concerns about the accuracy of foreclosure documents.

In a letter sent to 27 companies that service mortgage loans in Texas, Abbott’s office demanded the immediate suspension of foreclosures, selling foreclosed properties and evicting people living in those properties.

The letter asks that companies obey the moratorium at least through Oct. 15 – the deadline Abbott established for companies to identify any employees who participated in unlawful practices and assure the state that the targeted companies are following Texas laws.

The attorney general’s office is investigating mortgage lenders to determine the “full harm Texas homeowners have suffered,” according to a letter signed by Paul D. Carmona, the chief of the state consumer protection and public health division.

“We will be pushing forward with our investigation and inquiry,” attorney general spokesman Jerry Strickland said. “This is in the interest of homeowners who are feeling the effects of foreclosures.”

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