Massachusetts AG Coakley to announce "comprehensive lawsuit" on foreclosure documentation against MERS, BofA, Wells, Citi, JPM, Ally @Din_SFLA

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Massachusetts AG Coakley to announce “comprehensive lawsuit” on foreclosure documentation against MERS, BofA, Wells, Citi, JPM, Ally

Massachusetts AG Coakley to announce “comprehensive lawsuit” on foreclosure documentation against MERS, BofA, Wells, Citi, JPM, Ally

Developing Story… Come Back and check real soon!

WE SAW THIS COMING!

WILL NEW YORK BE NEXT?

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 The Commonwealth of Massachusetts

Office of the Attorney General

ONE ASHBURTON PLACE

BOSTON, MASSACHUSETTS 02108

(617) 727-2200

 (617) 727-4765 TTY

www.mass.gov/ago

 

FOR IMMEDIATE RELEASE:                                           MEDIA CONTACT:

December 1, 2011                                                                  Press Office

                                                                                                (617) 727-2543

                                                                       

MEDIA ADVISORY

 

AG COAKLEY TO HOLD PRESS CONFERENCE TO ANNOUNCE NATION’S FIRST COMPREHENSIVE LAWSUIT AGAINST 5 NATIONAL BANKS TO ADDRESS FORECLOSURE CRISIS

Files Suit After More Than Year of 50-State Negotiations

 

WHAT:           Massachusetts Attorney General Martha Coakley will hold a press conference this afternoon to announce that her office has filed the nation’s first comprehensive lawsuit against the five major national banks regarding the foreclosure crisis.  The lawsuit was filed today in Suffolk Superior Court against Bank of America, Wells Fargo, JP Morgan Chase, Citi, and Ally Financial.  It also names Mortgage Electronic Registration System, Inc. and its parent, MERSCORP Inc, as defendants. 

 

The AG’s lawsuit seeks accountability for the banks’ unlawful and deceptive conduct in the foreclosure process, including unlawful foreclosures, false documentation and robo-signing, MERS, and deceptive practices related to loan modifications.

 

WHO:             Massachusetts Attorney General Martha Coakley

WHEN:          TODAY at 1:00 PM              

 

WHERE:     Massachusetts Attorney General’s Office

   One Ashburton Place

                        20th Floor

                        Boston, MA   

 

CALL IN:       For those who cannot attend the press conference, you may listen to the audio by dialing into the conference number below. A prompt will then ask you for the Access Code. Please note that you will not be able to ask questions via the conference line.

 

PHONE NUMBER     877-820-7831

ACCESS CODE          379877

 

 

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One Response to “Massachusetts AG Coakley to announce “comprehensive lawsuit” on foreclosure documentation against MERS, BofA, Wells, Citi, JPM, Ally”

  1. Kim Wilson says:

    Rep. Alan Grayson said in the attached youtube video in 2010 that Fannie Mae and Freddie Mac both own stock in MERS. How much stock and when did they own it? Would this explain their current actions? Did they move loans out of MERS and into Fannie Mae for the tax payers to bail out? Would this be as bad as pooling investments and betting against them? Beau Biden, please organize a G-88% summit and invite all the people standing up like yourself. Watch how excited the country gets! The 88% don’t have any say because the people that really care about change won’t organize like the 12% that control everything. Flow chart the problems and solutions and join as one voice with solutions. Invite people like Alan Grayson, Neil Garfield, Catherine Masto, Eric Schneiderman, Martha Coakley, Elizabeth Warren.
    Start by having the closing agent take the original note and mortgage away at the closing and post the documents on line going forward. The banks prove every day they can’t be trusted why has this not been done yet? The goverment needs to protect these documents and until this is done the recovery won’t even begain.
    Your the best!!!!
    You tube video

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