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Washington AG Sues BofA Subsidiary Over Foreclosures

Washington Attorney General Rob McKenna is accusing a Bank of America subsidiary of conducting several-thousand illegal foreclosures since 2008. McKenna filed a lawsuit Thursday against the subsidiary, ReconTrust. From the Seattle Post-Intelligencer: McKenna said ReconTrust violated the state's Deed of Trust law, which requires that a foreclosure trustee maintain an office in Washington . That's to help homeowners ask questions, make last-minute payments and request a foreclosure postponement. "ReconTrust's claim that the company doesn't have to follow Washington law and procedures because it is a national bank is wrong," McKenna said. In Washington , it's not the job of the courts to review foreclosures, according to the Seattle P-I report. Instead, banks hire trustees who are supposed to act as neutral third parties.