The Tennessean is reporting that the Tennessee Attorney General, Bob Cooper, has joined other AGs in their investigation into problems with pending foreclosures. However, the effect of this investigation, at least for Tennessee homeowners, is still uncertain.
As AG Cooper stated in the article above, Tennessee is a non-judicial foreclosure state and the so-called "robo-signing" of foreclosure documents does not exist in Tennessee. The alleged "robo-signing" has to do with court documents that are needed to start foreclosure proceedings in the 23 judicial foreclosure states. Since Tennessee does not require the filing of court documents to start foreclosure proceedings, Tennessee is not affected by the "robo-signing" issue.
However, it now appears that the investigation, which now includes all 50 AGs, will expand beyond the "robo-signing" issue in an effort to determine if other problems exist. Stay tuned. This should get interesting.