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.