Banks Will Be Sued If Foreclosure Practices Talks Collapse, Two States Say

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Banks Will Be Sued If Foreclosure Practices Talks Collapse, Two States Say

Banks Will Be Sued If Foreclosure Practices Talks Collapse, Two States Say

Wonder what AG Madigan means by “RESOURCES”. Betcha it’s lots & lots O’documents!

BLOOMBERG-

Two state attorneys general who are among those leading negotiations with the five largest U.S. mortgage servicers over their foreclosure practices said the banks would be sued if a settlement isn’t reached.

Illinois Attorney General Lisa Madigan and North Carolina Attorney General Roy Cooper threatened litigation if settlement talks with the companies, including Bank of America Corp. (BAC) and JPMorgan Chase & Co. (JPM), break down.

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