Illinois Attorney General Lisa Madigan, along with her counterparts in the rest of the country and the District of Columbia, have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners.

Attorney General Lisa Madigan joins country in probing mortgage cos.

Current sellers may benefit in the short-term from fewer foreclosures on the market, which account for large percentage of transactions currently. RealtyTrac estimates that distressed sales account for a third of the residential real estate market, and depressing home prices by about 26%. Originally published at http://realtyevolved.net by Sherwin Sucaldito.

Freeing Foreclosures