October 14, 2010
Texas Attorney General Calls for Moratorium on Foreclosures in the State
 Texas Attorney General Greg Abbott Texas Attorney General Greg Abbott asked loan servicing companies to suspend all foreclosure activities over concerns about the accuracy of foreclosure documents. In a letter sent to 27 companies that service mortgage loans in Texas, Abbott's office demanded the immediate suspension of foreclosures, selling foreclosed properties and evicting people living in those properties. The letter asks that companies obey the moratorium at least through Oct. 15 — the deadline Abbott established for companies to identify any employees who participated in unlawful practices and assure the state that the targeted companies are following Texas laws. Read full story as reported by the Associated Press In a related story, U.S. Senator Robert Menendez (D-NJ), head of a Senate Housing Subcommittee has raised the prospect of an industry-wide moratorium on foreclosures.
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