Alabama AG Luther Strange to Congress “So far in Alabama I don’t know of anybody that’s been foreclosed on that shouldn’t have been”

Alabama AG Strange voices concerns about scope of mortgage foreclosure deal

Luther Strange.jpgWASHINGTON — Alabama’s top prosecutor told Congress on Thursday that mortgage servicers who broke the law in dealing with homeowners should be punished, but he also cautioned against additional regulations that could slow down a recovery in the housing market.

Attorney General Luther Strange, a Republican, said he supported the efforts of all 50 state attorneys general in negotiating a settlement with the industry that was caught last year cutting corners in order to rush faulty mortgages into foreclosure. Those talks are likely to produce new rules for doing business as well as financial penalties for those who committed fraud, such as robo-signing documents without verifying key information.

But in testifying before members of the House Financial Services Committee, Strange said he suspected the deal might go too far.

“I am concerned that what started out as an effort to correct specific practices harmful to consumers has evolved into an attempt to establish an overarching regulatory scheme that fundamentally restructures the mortgage loan industry in the United States — an effort which is well beyond the scope of responsibility of attorneys general,” Strange said.

Check out the rest here…

This was from the comments on the article…

“So far in Alabama I don’t know of anybody that’s been foreclosed on that shouldn’t have been,” Strange said. Wow! Really? Is he kidding?

I am currently handling about ten cases, and I know of attorneys with many more. I am mediating a case TODAY where Bank of America foreclosed on my clients, and they didn’t even have a loan on the home.

This is absolutely amazing and shocking! To hear our State Attorney General suggest that there is no fraudclosure in Alabama is ridiculous and shows his total lack of having his finger on the pulse. Additionally, to say Alabama has adequate consumer protection laws is laughable. We have some of the worst consumer protection laws in the country.

I am just amazed.


30 Responses to “Alabama AG Luther Strange to Congress “So far in Alabama I don’t know of anybody that’s been foreclosed on that shouldn’t have been””
  1. pamelag says:

    another stinkin parasatical liar. out with all of them!!!

  2. Another political moran and I mean MORAN!

  3. Jason Werner says:

    I’ll be praying for this whore governor. He’ll come to a crossroads in his life of truth and lies very soon. He will soon be one of our (victim customers of banks) biggest supporters. Jesus is opening his eyes. I promise.

  4. Alison says:

    How about Herman Kane?

    • Readdocs says:

      Mr.Kane is a business man. He has worked in the real world, with his hands. That can
      make all the difference in how he would perform in a political position. He would
      necessarily be more realistic in what could be promised, and what would work.
      More needs to be learned about him to know if he would turn this country around

  5. I have one word to say only to this AG, Bull !

  6. lvent says:

    This guy is unbelievable. There was no consumer protection in mortgage lending and that alone is a crime. . They gained our trust and that is how they destroyed MAINSTREET..

  7. marilyn lane says:

    perfect name for the Alabama AG – STRANGE

  8. Hell No, No More Bail-OUTS says:

    We need a nice LLC to use to file 1) a substitution of trustee, and 2) an assignment of mortgage or DOT. Then prompt the new trustee to file the NOD on this Arkansas ignoramus’s house, followed by the NOS.

    It needs to be a nice complex business that has this LLC filing so it is tough to track down.

    The trustee firm used could be one of the elite pieces of crap such as Quality (what an IRONY that they are ‘trustees’ but have ‘Loan Servicing’ in their name).

    Let this numb-skull AG learn how difficult it can be to try to prove that the entity doing the assignment has no right to do any assignment. As long as his mortgage has MERS in it, it could be a mess for him to get stopped. He might be lucky enough to have a judge refuse to look at the documents.

    • Readdocs says:

      You know something? I think you’ve got an excellent idea. He’d have hell proving he wasn’t
      a dead beat home owner once those papers showed up at the county court house where his
      home is located.

  9. AliceN.Wunderland says:

    I am so sorry for the citizens of Alabama. Talk about ignorance. The laws of the state are being enforced by this man, sad.

  10. lizinsarasota says:

    Here’s a list of the foreclosure mills in Alabama that were enthusiastic (award-winning) users of Lender Processing Services in ’06 and ’07. Does anyone doubt that substantial numbers (like, 100%) of the affidavits submitted by these mills in foreclosure filings were FRAUDULENT?
    Dumas and McPhail, L.L.C. (also in MS)
    Shapiro & Pickett, LLP
    AL Scott J. Humphrey
    Albertelli Law

    Ah, Gerald Shapiro… when is someone going to indict GERALD SHAPIRO???

  11. thisblows says:

    Just another jerk-off republican shooting off his mouth, defending the banks and let’s not forget the wealthy!!!
    This moron should join forces with the winner AG we have in Fl, and bring down whatever little justice is left in our courts!

  12. leapfrog says:

    What an a-hole. Him and that awful Bondi are two of a kind.

  13. lvent says:


  14. housemanrob says:

    FUCK HIM! Has anybody seen any Republican, Tea party candidate or think tank Republican whose ideas are not crazy and will destroy what is left of OUR ONCE GREAT COUNTRY!

    • Readdocs says:

      Who do you think wrote all of the Jim Crowe laws, and the original gun control laws to keep black
      from defending themselves from groups like the KKK?
      It was young democrats who founded the KKK.

      The only thing the tea party wants is smaller government and lower taxes,.
      As far as that goes anyone who is a long time in the bed republican or democrat needs to go.
      Our government on all levels needs to have term limits including the Supreme Court.
      And once a person has been office until they reach term limits should be prohibited from ever
      working as a lobbyist. Those who choose to be lobbyist should also be prohibited from ever being
      able to run for office, including as a dog catcher or a road commissioner. That will stop a lot of the
      cronyism and statism.

      • housemanrob says:

        Nonsense Readdocs, All tea party candidates and many followers are Republican “think tank” graduates! So far right it is absurd. This is not a “grass roots” party……….take it from a former republican………they are a fraud……..and still call me all the time looking to draw me in to their wild, crazy……web of deceit!

      • housemanrob says:

        Everything else you say is agreeable to me!

      • housemanrob says:

        And all lobbyists should have to register who they raise funds from…..public transparency.

      • Readdocs says:

        Ooookay Housemanrob, who do you think should have the reins government then, the
        democrats? They had full control of the House, the Senate, and the Presidency
        and cannot make a balanced budget. The democrats have had more generations in
        control of the federal and many state governments since the civil war…how’s that
        working out?
        As to the tea party movement, it is a grass roots movement.
        /been there and done that…and have the Tshirt!

      • lvent says:

        Both parties are corrupt and useless. We have to start thinking outside of the box. The 2 party system is completely broken down. Repub/Dem, no different.

      • housemanrob says:

        Touche Readdocs, You got me threre, but…….. that was going to be my next question, when you responded…………..but you beat me to it! My answer is Ron Paul?………Rand Paul? Dennis Kucinich (check spelling)? but truly….. if only we could find a candidate who will not sell us out!

      • Readdocs says:

        I don’t know who, other than NO ONE who is now in office. NO ONE who is in politics
        now. or has been in politics.
        Our government is fubar’d and needs to be replaced not “fixed”.
        We are in deadly peril.

  15. lies all of it says:

    more of the same bl bla blaa

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