Summary Box: Banks can't quell foreclosure mess

AP News
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Posted: Oct 19, 2010 6:11 PM
Summary Box: Banks can't quell foreclosure mess

FORECLOSURE MESS ENDING? Big lenders are trying to move past the foreclosure-document mess, saying they're now confident their paperwork is accurate.

OPPOSITION FROM OFFICIALS: Banks face numerous obstacles. Attorneys general in all 50 states are jointly investigating whether lenders violated state laws, while state judges have signaled they will review the banks' foreclosure documents with skepticism and lawmakers on Capitol Hill plan to hold hearings.

LAWSUITS COMING: Lawyers for homeowners are preparing to sue lenders, arguing they wrongly evicted borrowers.