Kentucky Attorney General, Jack Conway, added his nane to the list of state attorney generals who fear that a settlement with major banks has not sufficiently been investigated for potential wrongdoing.
Currently, the banks are hoping to be released from future liability of foreclosure practices that have not been thoroughly investigated.
Mishandling of paperwork and fast- tracking foreclosures have caused people to wrongfully lose their homes. The banks allowed employees to sign foreclosure paperwork without even reading the documents. Homeowners who suspect their banks of wrongful seizure can employ a foreclosure attorney to represent them in court.
In an email sent to the Progressive Change Campaign Committee, Conway said, “Today’s economic crisis was caused by Wall Street acting improperly,” he further stated, “There should be absolutely no criminal or civil immunity given to banks for activity that has not been investigated.”
Major Banks are eager to enter a settlement agreement to put investor concerns over the institutions’ final health at rest.
The improper way banks handled foreclosures came to light last fall and they have been under investigation since.
Foreclosure is a frightening prospect for a homeowner. There are options available to help them avoid eviction. A foreclosure lawyer will be able to outline the steps a defaulted homeowner can take to help them keep their homes. With the help of a foreclosure attorney a person may be able to modify their home loans.
