Colorado foreclosure billing mess may blow up into national issue

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Colorado foreclosure billing mess may blow up into national issue

Colorado foreclosure billing mess may blow up into national issue

AND we know this has been going on for a very long time…take a look at the default servicing companies and the “legal fees” they charge!

Biz Journal-

Colorado Attorney General John Suthers’ investigation into law firms allegedly overbilling for foreclosure filings — or billing for filings they never made — likely will turn into a national story, according to a Cato Institute fellow and national bloggers who are following the case.

The Denver Post has published a series of articles on the local investigation this summer, citing court documents on Suthers’ and other investigations.

“National mortgage and banking bloggers have taken the view that these practices are not just in Colorado,” said Walter Olson, Cato Institute fellow. “Colorado just happens to be the first place where the attorney general has launched an investigation. Underneath it all is a pattern you can easily see being replicated in other states.”

[BIZ JOURNAL]

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