Washington state is suing a Bank of America subsidiary, saying that the company has improperly handled thousands of foreclosures in the state dating to 2008, Attorney General Rob McKenna announced Friday in Seattle. The state argues that ReconTrust Co., the California-based subsidiary that operates in at least 15 states, has failed in its legal obligation to act as a neutral party on behalf of both the lender and the borrower during foreclosure proceedings, instead deferring solely to the lender.
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State AG sues B of A company