Mortgage and Foreclosures - Nevada A-G Joins Mortgage Foreclosure Multistate Group

The Attorney General of Nevada, Catherine Cortez Masto, recently joined the Mortgage Foreclosure Multistate Group, which is comprised of the state attorney generals in 49 states, as well as the state banking and mortgage regulators in 30 states. This groups aims to examine and investigate allegations that certain mortgage services companies violated state laws and court rules by deliberately making incorrect statements on affidavits pertaining to foreclosures, and by signing affidavits outside the presence of a notary public.

In addition to investigating these allegations, the Mortgage Foreclosure Multistate Group also aims to clamp down on improper mortgage foreclosure practices and also consider, and possibly implement, measures that will prevent the future occurrence of such improper practices, with a view to protecting homeowners. Attorney General Masto made the following comments regarding the Mortgage Foreclosure Multistate Group and its objectives with regards to the alleged malpractices: “This issue affects peoples’ homes as well as the economy. This probe will be thorough, expeditious, and fair to both homeowners and lenders. This is a cooperative and coordinated effort to address a serious problem. The group may limit, expand or change its objectives, but it won’t stray from the goal of addressing a situation that has affected and continues to affect homeowners.”