The Texas Attorney General has asked 27 lending companies to suspend foreclosures until they can verify that the lenders have structured their foreclosures adhering to the laws of Texas.  The AG is requesting until at least October 15, 2010 for this information to be presented.

           The Attorney General has asked the companies to identify agents that may have participated in unlawful practices.  These practices include signing thousands of documents a month without reading them; falsely claiming personal knowledge of  facts or claiming the signing party reviewed the documents and notarizing the documents without the signing party being present.

           It appears that this mess is not going to be unraveled easily or for a long time, during which time the foreclosure part of the housing dilemma will be thrown into chaos.    Stay tuned.

Don Schaller

Broker Owner

Schaller Family Realtors

Dickson Realty Truckee

Alltruckeehomes.com