The Senate is Looking into Foreclosure Fraud and How to Prevent It
Senator Patrick Leahy and Committee Member Richard Blumenthal are looking into “ongoing abuses and fraudulent practices by mortgage servicers are needlessly forcing foreclosures on families struggling to stay in their homes — slowing our economic recovery,” (Blumenthal). They are starting by requesting information from 11 leading mortgage services on the polices and practices that each company follows in regards to foreclosures.
In addition, they have introduced legislation to strengthen the tools available to the United States bankruptcy trustee to protect American homeowners from creditor fraud in bankruptcy court. Thus giving the trustees and bankruptcy courts more power to fight creditor fraud.