Texas Attorney General Suspends Foreclosures

On Tuesday, Texas Attorney General Greg Abbott sent thirty mortgage companies’ letters demanding the immediate suspension of foreclosures in Texas, selling foreclosed properties in Texas and evicting people living in those properties. This moratorium should be obeyed at least thru October 15, giving the companies’ time to identify any employees who participated in unlawful practices and assure the state that the targeted companies are following Texas laws.

Dallas Attorney Mark Nacol of The Nacol Law Firm PC discusses with  NBC Channel 5 Reporter, Susy Solis, on the impact of Robo –  Signing on the Mortgage Business and current foreclosures.