MO Attorney General gives homeowners tool kit to fight foreclosure

MO Attorney General gives homeowners “tool kit” to fight foreclosure

Today, November 01, 2010, 59 minutes ago | ceramic cat

FROM: http://kmox.cbslocal.com/2010/11/01/…t-foreclosure/

Kevin Killeen
11/1/2010

ST. LOUIS–(KMOX)–Missouri Attorney General Chris Koster is offering consumers facing foreclosure a way to fight back.

Koster has compiled a “tool kit” of information on his website — including a form letter consumers can send to their bank demanding proof of proper paperwork for the foreclosure to proceed.

“I’m very interested to see how the banking community deals with this written request,” Koster said, “because it is not an insubstantial document. It is making some serious requests for them to prove up what has become the central question of this mortgage crisis, as to who owns the mortgages that have been subdivided and sold at a pell mell pace through the bubble of the last decade.”

In the midst of a 50-state foreclosure investigation by attorneys general, Koster says after one month he has uncovered about a hundred complaints from Missouri consumers saying banks are giving them the run around, and claiming to have “lost” paperwork related to foreclosure actions.

Koster’s advice for anyone wanting to increase their chances of staying in their home — get a lawyer and make sure your bank is playing by the rules.

Tags: attorney general, Missouri, toolkit
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