NC set to get share of $120M in robo-signing case

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by The Associated Press

WCNC.com

Posted on January 31, 2013 at 1:39 PM

RALEIGH, N.C. (AP) -- North Carolina is set to get $4.2 million from a proposed multi-state state settlement with a company accused of improperly signing foreclosure documents.  

Attorney General Roy Cooper said Thursday that 45 states and the District of Columbia had reached the $120 million settlement with Lender Processing Services and two subsidiaries. 

The agreement resolves allegations that the Florida-based company signed foreclosure documents often en masse without proper review -- a practice known as robo-signing.  

Cooper says the company has agreed to stop the practice.  

He says practices like robo-signing rushed through foreclosures without giving people a fair shot to try to save their homes.

 

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