Iowa Attorney General Requests a Halt to Foreclosures

Iowa Attorney General Tom Miller has called on three major mortgage companies to halt pending foreclosures in Iowa. His office has been in contact with three companies, Ally Financial, formerly GMAC Mortgage, Bank of America and JP Morgan Chase, requesting that they suspend pending foreclosure proceedings in the state.

On September 24, Miller's office announced that it was investigating Ally Financial after being informed that in a number of foreclosure cases affidavits submitted by the company were not based upon personal information as required by Iowa law. Since this announcement, other lenders have publicly disclosed that they have routinely submitted unverified foreclosure affidavits in Iowa and elsewhere.

If you believe that you have been subjected to such improper foreclosure practices, contact the lawyers of Brady Preston Gronlund at (319) 866-9277 or call the Iowa Attorney General's Consumer Protection Division at 1-888-777-4590.