Schneiderman's Last-Minute Cancellation Spells Trouble for Foreclosure Fraud Settlement

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Schneiderman’s Last-Minute Cancellation Spells Trouble for Foreclosure Fraud Settlement

Schneiderman’s Last-Minute Cancellation Spells Trouble for Foreclosure Fraud Settlement

YOU ‘RE being lied to again. If the AG’s have the right (by law) to go after the banks in the future, after the settlement, then why are the Banks trying to get the NY AG to drop the current lawsuit against MERS? If this is the case… this is also made part of the settlement for the future claims. Crystal Clear there is something in this settlement that other AG’s are signing to that they may not fully understand.

The settlement would not release this so why the panic? You’re being lied to.

Throw their asses in jail, why is there any negotiating happening in the first place?

FDL-

New York Attorney General Eric Schneiderman abruptly cancelled a conference call yesterday 10 minutes before it was to begin. The subject was supposed to be the foreclosure fraud settlement, and there was idle speculation that Schneiderman would announce that he would join the settlement. This would spur other holdouts to join, presumably, and at the very least break the somewhat united front against the settlement. You’d probably be looking at a formal announcement within days. But instead, Schneiderman cancelled, postponing the call “indefinitely.”

It looks like the issue is the lawsuits against MERS and three banks that he filed on Friday. The banks want him to drop it.

One person familiar with the negotiations said several banks wanted Schneiderman to withdraw a suit he filed on Friday against prominent financial firms, saying they had acted deceptively by filing erroneous and fraudulent foreclosure documents through a popular electronic mortgage registry designed to allow firms to save time and money by bypassing local property recording requirements. The person spoke on the condition of anonymity because the talks were ongoing. It was unclear whether Schneiderman had intended on Tuesday to address the status of those lawsuits during the news conference.

[FIRE DOG LAKE]

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2 Responses to “Schneiderman’s Last-Minute Cancellation Spells Trouble for Foreclosure Fraud Settlement”

  1. JohnR says:

    AGAIN… Quit negotiating and jail the bastards!

  2. peter shapiro says:

    Mr. NY AG ………..looks like your Selling NY’ers out….
    acording to the TV today you’ve joined up with California…
    YOU SOLD New Yorker’s OUT……You gave up the fight to see justice !! if you did do this…….we Voter’s
    will not forget !

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