Fraudclosure Settlement Has a Long Way To Go, Time IS of The Essence For You

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Fraudclosure Settlement Has a Long Way To Go, Time IS of The Essence For You

Fraudclosure Settlement Has a Long Way To Go, Time IS of The Essence For You

Read the excerpts below carefully… You’ll be screwed if you plan to wait on any reasonable settlement, just like “HAMP” left you waiting for your mod. Don’t expect miracles!

PERIOD. DONE.

From The New York Times

“We have a long way to go,” Iowa Attorney General Tom Miller, who is leading the effort from the states’ side, said after the afternoon session broke up.

[…]

Lengthy negotiations work to the banks’ advantage, critics say.

“The banks’ strategy is to run the clock,” a Georgetown University law professor, Adam Levitin, said. “The chances of a settlement that meaningfully reforms mortgage servicing and makes the banks pay an appropriate price for illegal conduct are rapidly slipping away.”

This was taken From Zack Carter’s Article on Huffington Post:

“I am incensed that the FBI has not filed one criminal case,” Rep. Marcy Kaptur (D-Ohio) said, referring to the lack of prosecutions against major banking executives. “And I’m very worried that the game that’s being played here is to run out the statute of limitations.”

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Oh and AG’s make sure the banks get barred from Deficiency Judgments in your settlement!

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  1. […] More and more proof the whole Fraudclosure Settlement “leaders” are discombobulated.  Just last week, AG Tom Miller said “We have a long way to go.” […]


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