State Investigates Recent Foreclosures

9 years 1 month 4 weeks ago Friday, October 15 2010 Oct 15, 2010 Friday, October 15, 2010 11:38:19 AM CDT October 15, 2010 in News
COLUMBIA - Some major banks have broken the law through foreclosures. A team of attorneys general across the country is looking into suspicious bank foreclosures. On Wednesday, State Attorney General Chris Koster joins them.

All 50 attorneys general, including Koster, are looking into a problem with foreclosures at major loan services known as "robo-signing." 

It's a process where robotic machines sign thousands of foreclosure affidavits without any prior loan information.

Koster alleges this process violates state law because there was no notary public witnessing the signatures.

In light of recent attention to this problem, Bank of America and ally financial have halted foreclosures throughout the country.

Kosters says depending on their intent, some loan companies could face criminal charges.

Koster also said this is a very complex case dealing with millions of documents and he does not anticipate a quick result.

More News

Grid
List
COLUMBIA — The City of Columbia Public Works plans to have a 24-person crew begin monitoring road conditions and treating... More >>
5 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 7:48:00 PM CST December 14, 2019 in News
COLUMBIA — Police are investigating after an ATM was stolen from the Great Southern Bank on 3200 South Providence Saturday... More >>
8 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 5:22:00 PM CST December 14, 2019 in News
MID-MISSOURI - A winter storm is expected to bring snow and ice accumulation to Missouri followed by frigid temperatures. This... More >>
8 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 4:50:00 PM CST December 14, 2019 in Weather
COOPER COUNTY, BLACKWATER — A small community in Mid-Missouri is attempting to spread holiday cheer within a few miles of... More >>
9 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 3:30:00 PM CST December 14, 2019 in News
HOLTS SUMMIT - With temperatures around 30 degrees on Saturday, the cold weather did not stop Holts Summit residents from... More >>
10 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 2:47:00 PM CST December 14, 2019 in News
JEFFERSON CITY — Missouri Department of Transportation crews are preparing for an expected winter storm this weekend. In a press... More >>
10 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 2:34:00 PM CST December 14, 2019 in News
COLUMBIA — St. Louis officials have voted to ban local veterinarians from declawing cats. The St. Louis Post-Dispatch reports... More >>
11 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 2:21:00 PM CST December 14, 2019 in News
COLUMBIA — Chatbots could soon be answering more questions from Missourians about their taxes or welfare. The St. Louis... More >>
11 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 2:15:00 PM CST December 14, 2019 in News
COLUMBIA - Two people were injured Friday night after an assault and shots fired incident in north Columbia, according to... More >>
14 hours ago Saturday, December 14 2019 Dec 14, 2019 Saturday, December 14, 2019 11:14:00 AM CST December 14, 2019 in Top Stories
COLUMBIA - The Boone County Sheriff's Department completed a week-long training program on Friday, cumulating with a role-playing exercise to... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 5:05:00 PM CST December 13, 2019 in News
COLUMBIA - The Columbia Fire Department has a new chief. City Manager John Glascock says Andy Woody will be taking... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 3:50:00 PM CST December 13, 2019 in News
COLUMBIA - Former Missouri football coach Barry Odom is heading to Arkansas. New Arkansas head coach Sam Pittman confirmed... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 3:19:00 PM CST December 13, 2019 in News
COLUMBIA – Columbia psychologist, Kurt Bumby, 50, is charged with two counts of statutory sodomy in Boone County and two... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 3:18:00 PM CST December 13, 2019 in News
FULTON - Although legally blind, Fulton Special Olympics tennis player Jesse competes with enthusiasm in a high demanding sport for... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 2:21:00 PM CST December 13, 2019 in News
JEFFERSON CITY - A proposed plan to expand the Jefferson City National Cemetery across the street and move a park... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 2:15:00 PM CST December 13, 2019 in News
BOONVILLE - Shovels and salt will likely be in higher demand at local hardware stores after a forecasted weekend snow... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 12:55:00 PM CST December 13, 2019 in News
WENTZVILLE, Mo. (AP) — General Motors plans to invest $1.5 billion in truck production at a suburban St. Louis plant.... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 12:24:00 PM CST December 13, 2019 in News
CAMDEN COUNTY- A 71-year-old woman was killed last night after her car struck a tree, according to the Missouri State... More >>
1 day ago Friday, December 13 2019 Dec 13, 2019 Friday, December 13, 2019 11:35:00 AM CST December 13, 2019 in News
Columbia, MO
Broken Clouds 26°
2am 26°
3am 26°
4am 25°
5am 24°