Can it be? Is this true? Please, somebody pinch me…

Are the Ag’s standing up for the people and demanding a stronger settlement over Robo-signed affidavits?

Are they agreeing that the settlement unfairly forces class members to release any claims…

Well, it appears they are…

From the report…

State AGs oppose settlement

A group of 38 state attorneys general are opposing a proposed class action settlement…  over robo-signed affidavits.

The proposed settlement is “paltry” and unfair to consumers, the group said in a June 1 court filing.

The settlement, which would provide up to $5.7 million for 1.4 million class members, was announced in February. San Diego-based Encore, which often buys debt from credit card companies, agreed to settle claims that the company <relied on> false affidavits to bring debt collection lawsuits.

“Under any interpretation, the ten-dollar-per-class-member settlement is not fair, reasonable, or adequate to address the harm incurred,” the attorneys general, led by New York Attorney General Eric Schneiderman, said in the brief, filed in federal court in Ohio.

You can check out the rest here…

Unfortunately, as I am sure you now realize, they are not talking about Fraudclosures…

If they were, and we based the damages off of the 62 million loans registered in the MERS system, and the “Paltry” $Five Billion$ the banks are suggesting to settle with, each household that has been affected would receive EIGHT TIMES what the above settlement offered…

Which is about $80.65 per household…

What are you complaining about? The other people above are only getting $10.00 /sarcasm.

I bet you all feel sooooo much better now.

And the Fraudclosures continue…

Happy Friday!

~

4closureFraud.org