[Update 1:32 p.m.] Alabama has joined the other 49 states in a joint investigation of foreclosure practices by major lenders.
Alabama was not included in the original coalition of 49 states, but the office of Attorney General Troy King indicated Tuesday afternoon that his state would end its holdout and join the investigation.
[Original post] Forty-nine state attorneys general announced a coordinated probe Wednesday into improper foreclosures performed by the nation's largest loan servicers, but stopped short of calling for a freeze on all foreclosures.
The group will work to put an immediate stop to improper mortgage foreclosure practices, as well as review past and present practices by loan servicers and potential remedies.
The inquiry will be led by Iowa Attorney General Tom Miller.
"This group has the backing of nearly every state in the nation to get to the bottom of this foreclosure mess, and we plan to work together as thoroughly and expeditiously as possible," said Miller.
Alabama is the only state not participating in the investigation.