SD gets $344,750 in settlement on foreclosures

South Dakota gets $344,750 as part of multistate settlement with mortgage processing company

Associated Press

PIERRE, S.D. (AP) -- 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.

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