I hope readers will give their comments and ideas on the inquiry underway by the attorneys general of all 50 states into foreclosure “improprieties”, to use the term of art, and other mortgage market abuses. Given that real estate is a state law matter, and some state governments are less captured that Washington DC, this seems to be one of the best avenues for effecting change.
Some groups are considering writing an open letter to this group. What do you think it should stress? What issues do you think they should examine? What remedies and measures should they consider?
I will forward reader comments to the people involved in this effort. I’ll be adding my own suggestions based on my previous posts.
Thanks for your help and continued interest in this important topic.