South Dakota gets $344,750 in settlement on foreclosures

2013-02-01T12:03:00Z 2013-11-18T16:54:11Z South Dakota gets $344,750 in settlement on foreclosuresThe Associated Press The Associated Press
February 01, 2013 12:03 pm  • 

PIERRE | Attorney General Marty Jackley says South Dakota's share of a multistate settlement with one of the nation's biggest mortgage processing companies is $344,750.

Lender Processing Services Inc. has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

State attorneys general alleged that the company engaged in unlawful practices including "robo-signing," in which it automatically signed off on foreclosures without properly reviewing documents.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(1) Comments

  1. paperboy
    Report Abuse
    paperboy - February 01, 2013 7:59 pm
    So what happens to the money the state receives?
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