DENVER — Attorney General John Suthers announced today that his office has joined and will serve on the executive committee of a multistate effort looking at the integrity of foreclosure processes utilized by mortgage lenders and servicers in Colorado and across the country. The multistate effort will probe allegations that lenders, loan servicers or their agents are submitting thousands of affidavits and other documents without properly verifying the accuracy of representations made in those documents.
“Homeowners have a right to know that when their banks or lenders foreclose on their homes that all of the information used in the process is correct,” Suthers said. “I signed onto this multistate effort for the fundamental reason that we need to ensure the integrity of Colorado’s foreclosure process. I look forward to gaining a full understanding of the policies and procedures these lenders and servicers have in place to properly verify the accuracy of the representations they make during the foreclosure process.”
Suthers encouraged consumers facing foreclosure in Colorado to contact the Colorado Foreclosure Hotline, which can be reached at 1-877-601-HOPE. Consumers who believe they have the victim of mortgage or foreclosure fraud can file a complaint with the Office of the Attorney General via www.coloradoattorneygeneral.gov/complaint.
This multistate effort is the latest action the Office of the Attorney General has pursued against mortgage lenders since 2006, when the foreclosure crisis began in Colorado. For more information on the Office of the Attorney General’s work to combat foreclosure and mortgage fraud, visit the office’s Mortgage Fraud Information Center.