Foreclosure Fraud Settlement: $3.5M for Virginia

Mon, 02/11/2013 : Public News Service

Virginia will receive $3.5 million as part of a lawsuit settlement with financial institutions in the now infamous “robo-signing” of foreclosure documents. Some Virginians hope the state will use the money to help areas affected by foreclosures. The Rev. Clyde Ellis, clergy leader with VOICE (Virginians Organized for Interfaith Community Engagement), was part of a team of more than 30 “citizen investigators” who uncovered many potentially fraudulent foreclosure documents in Prince William County, he said.