With the Federal Government having taken the lead with its lawsuit earlier this year, (2011), the 50 state attorneys general are now following up with lawsuits against U.S. banks who have been foreclosing illegally on homes.
The Massachusetts Attorney General has filed suit against five top banks, alleging robo-signing, other deceptive loan servicing practices, and general illegal foreclosures on homes in that state.
The 5 defendant banks are Bank of America, Wells Fargo, JP Morgan Chase, Citigroup and GMAC.
Look for other state attorneys general to follow with their own lawsuits.
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