Attorney General J.B. Van Hollen confirmed Wednesday that Wisconsin is participating in an effort by all fifty state attorney’s general, and other bank and mortgage regulators, to collect and review information related to potentially defective procedures utilized in some mortgage foreclosure actions.
The attorney general said in a statement that “Wisconsin’s interest is protecting consumers and protecting the reliability and veracity of our court system. We are gathering and reviewing information related to the integrity of some filings in foreclosure actions. While foreclosure is a legal and proper remedy in many situations, it may only be pursued in accordance with our laws.”
In addition to this multistate effort, last week Attorney General Van Hollen’s office sent letters to three mortgage lenders doing business in Wisconsin – JP Morgan Chase, ALLY Financial, formerly known as GMAC, and Bank of America – requesting they share certain information related to their foreclosure activities in Wisconsin.