Bank of America’s ReconTrust sued over Washington foreclosure actions
http://dervishcom.blogspot.com/2011/08/bank-of-americas-recontrust-sued-over.html
Aug. 5 (Bloomberg) -- Bank of America Corp.'s ReconTrust unit failed to conduct foreclosures as a neutral third party as required by law, Washington state Attorney General Rob McKenna said in a lawsuit.
ReconTrust, which acted as a trustee handling foreclosures, had a duty to act in good faith to borrowers as well as lenders, McKenna said today at a press conference announcing the suit. ReconTrust also concealed or misrepresented the actual owner of the debt when handling foreclosures, according to the complaint filed in state court in Seattle.
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Source: http://feeds.washingtonpost.com/click.phdo?i=471ae024159750a595ec0384d4b96cf4
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