Bill would make foreclosure robo-signing a felony
Photo credit: iStock | Attorney General Eric Schneiderman announced a proposal Wednesday, June 13, 2012, to create a new crime in New York — foreclosure fraud.
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After making national headlines during the home foreclosure crisis, Attorney General Eric Schneiderman announced a proposal Wednesday to create a new crime in New York: foreclosure fraud.
The measure would make it a felony for firms to engage in "robo-signing," a fraudulent practice that allowed companies to rapidly pursue foreclosures, triggering an explosion in cases. In some instances,...
