"While California continues its own vigorous efforts to ensure that homeowners facing foreclosure are treated fairly and lawfully," A byproduct of Brown’s “fair justice,” is that he gets to produce yet one more ad telling California’s how he is fighting for re-distribution of wealth. Although his actions will force the mortgage industry to shed even more jobs, it will create thousands of new attorney jobs who will try to seize the property from the banks and give them to the homeowners who could not pay in the first place – gratis.
On Friday, Brown called on all lenders in California to halt foreclosing on California homes until they can demonstrate that they are complying with state law.
The multi-state group will review how lenders verify foreclosure documents nationally. Other than this, not sure what else the group will do other than to use it as collateral material for mid-term elections. The group was formed after several lenders and loan services admitted that officials, dubbed "robo-signers," had vouched for the accuracy and completeness of foreclosure documents without reviewing them.