CHARLOTTE, NC (WBTV) - North Carolina Attorney General Roy Cooper is asking big lenders to suspend virtually all foreclosures in the state, until they can prove they processed them lawfully.
Right now, he's being polite. He's asking banks to comply. But if they don't, he could have the legal legs to chase them.
"North Carolina is one of the few states that has a law that requires the lender to enter into a good faith effort for loan modification with the homeowner before a foreclosure can occur," Cooper says. "When I learned that these foreclosure proceedings could be occurring without proper review, then that caused me great concern because it circumvents the law."