Excerpts from The Atlanta Journal-Constitution:
Newly elected state Attorney General Sam Olens said Wednesday he will push the General Assembly for the authority to launch criminal investigations of improper foreclosures.
[…]
The attorney general has the power to prosecute mortgage fraud, but apparently not foreclosure fraud. Olens said he wants to change that, and he also said he might ask the State Bar of Georgia, which licenses lawyers, to look into allegations of misconduct by real estate attorneys in the mortgage origination as well as foreclosure process.
“We’re still working on our legislative agenda now, and frankly, that’s part of it,” Olens said. A senior leader in the office’s criminal division asked Olens recently to press for jurisdiction to cover foreclosure fraud.
I hope Georgia and other nonjudicial states implement new laws that will protect homeowners from fraudulent foreclosure. Real loan modifications that really help the home owner are critical. The loan mods that are being done at the present time do not really address the problems and do not follow the HAMP guidelines very well. However, it should be known that the HAMP guidelines are very narrow and are not that helpful to homeowners. http://www.challengingforeclosure.com Sirak@challengingforeclosure.com
Glad to see something being done in Georgia. I have been trying to get help and show gross negligence and misrepresentation if lender since 2008. This information will be helpful.