McCollum Seeks Out-Of-Court Solution To Affidavit Situation

Posted by Orb Staff on October 13, 2010 No Comments
Categories : Mortgage Servicing

Florida Attorney General Bill McCollum has requested meetings with the five servicers that have voluntarily frozen foreclosures: Bank of America, JPMorgan Chase, GMAC, PNC Financial Group and Litton Loan Servicing.

McCollum says he wants to discuss ways to ‘promptly and effectively redeem the integrity of the foreclosure process.’

‘I realize that correcting the faulty affidavits and reopening many of the foreclosure cases may take many months – even years, given the state of our overburdened court system,’ McCollum says in the letters. ‘Florida cannot wait that long to correct the linchpin of our economic recovery – clearing the foreclosure backlog.’

SOURCE: Office of Attorney General Bill McCollum

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