MA AG Coakley Lawsuit Against Banks Ripped to Shreds in Settlement

MA AG Coakley Lawsuit Against Banks Ripped to Shreds in Settlement

So here’s one lagging mystery about the foreclosure fraud settlement: what becomes of Massachusetts AG Martha Coakley’s lawsuit against five banks over deceptive practices and illegal foreclosures? Now we know.

Coakley says in a release that she got a carve-out over certain types of claims in the suit. Others, however, were extinguished in the settlement.

AG Coakley also secured an additional “carve out” to the agreement to allow her office to continue to pursue further relief in the courts against the banks over two Massachusetts-specific issues. Those claims include initiating foreclosures without holding the actual mortgages (so-called “Ibanez” violations) and allegedly corrupting the land recording system through the use of the Mortgage Electronic Registration System (MERS). The agreement will settle all other claims made as part of AG Coakley’s lawsuit against the five banks filed on December 1, 2011.

“Fixing this foreclosure crisis is one of the most important things we can do to restore a healthy economy,” said AG Coakley. “In Massachusetts, this agreement provides for immediate relief and continued enforcement. The banks will provide an immediate infusion of millions of dollars in relief for struggling homeowners. It also allows our office to continue to pursue our claims against the banks for initiating illegal foreclosures in our state and corrupting our land court system. By no means is this settlement the end of our work seeking accountability and relief, as we are continuing to look at the practices of Fannie Mae and Freddie Mac and are participating in the state-federal task force investigating the practices that led to the collapse of our economy.”

Humorously, Coakley writes at the end that she has already recovered $600 million in relief for Massachusetts homeowners. This settlement will net her a little more than half of that, $318 million.

Read the rest of this here…

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4closureFraud.org

Comments
16 Responses to “MA AG Coakley Lawsuit Against Banks Ripped to Shreds in Settlement”
  1. MARGETTA LANGLOIS PRO.SE says:

    I LOST MY HOME 3 YRS. AGO IN FLA COURT THE FORECLOSURE CASE IT’S STILL “OPEN” I’VE

    APPEALED EVERYTIME

    I WENT UP AGAINST (“2”) DIRTY JUDGES, (5)FRAUD CO.’S , & 8+ FRAUD ATTY.’S

    & I’M THE “ONLY” ONE STANDING….

    I’M STILL HERE FIGHTING

    I ALWAYS TAKE THE COURT REPORTERS IN EVERYTIME I GET THEM “ALL” ON TRANSCRIPTS THEM

    LYING….COMMITTING FRAUD, PERJURY & “NON-EXISTING ” CO.’S

    NOW “13” HEARINGS W/ THE “PURPLE” ELEPHANT “NO” PLAINTIFF/ “NO” CASE….

    FRAUD JUDGES ALWAYS ALLOW ATTY.’S. ALWAYS OVER THE PHONE THE FRAUD ATTY.’S W/ “NO”

    CLIENT LAST ONE GONE,12/31/10

    BUT “SOLD”MY HOME 7/27/11

    I DEMANDED “INJUNCTIONS” TO “STOP” ANY SALES/ &/OR PENDING SALES FROM 4/5/11- 10/10/11

    ON 8/15/11 “IGNORED” & “DENIED” ILLEGALLY BY JUDGE…

    ILLEGAL SALE 7/27/11 BY NON-EXISTING CO. GONE 8 MONTHS PRIOR.

    5TH. CO. OVER 14 MO. AGO GONE ALL EVID,GIVEN TO JUDGES & “IGNORED”

    8/9/11 JUDGE GOT COPY “NO” PLAINTIFF NEVER EXISTED FROM O.F.R. TALLAHASSEE , FLA

    JUDGE PLACED A “STOP” FILING PAPERS INTO COURT ON ME.

    I APPEALED THAT

    THEN AFTER EVID. “NO” PLAINTIFF ON 1 ST FRAUD CO. OUT OF 5 CO.’S

    ON FLA. CIVIL PROCEDURE RULE 1.120 (A). “NO” LIC. ENTITY CAN NOT PURSUIT IN ANY FLA. COURTS OR

    PREVAIL.

    .FLA. STATUE RULE 865.09 “NO” PLAINTIFF “NO” CASE…

    ,JUDGE “DENIED” ME MY 1ST. ONE & ONLY HEARING ON MY ‘6’ MOTIONS ;

    TO “VACATE” THE ILLEGAL JUDGEMENT $ 293,000.TO “NON-EXISTING” FRAUDSTER CO. NO.# 1

    TO “REVERSE”THE $ 293,000.JUDGEMENT & HOLD THAT ATTY. LIABLE TO “PAY” ME.

    TO “OVERTURN” THE “FRAUD” FORECLOSURE

    TO “REVOKE THE FRAUD/ ILLEGAL 7/27/11 SALE / Q.C.D.

    TO “RETURN” MY HOME TO ME

    TO “DISMISS” THIS CASE W/ “PREJUDICE”.

    ALL 5 CO.’S WERE FRAUD, “NO” PLAINTIFF, “NO” SUCESSORS, “NO” CASE

    IF 1ST. CO. NEVER EXISTED IN FLA. JUDGES HAVE “NO” JURISDICTION..

    NO.#5 CO. IS “FRAUD” AND CAN NOT BE A “SUCESSOR” OF 1 ST CO.

    I GOT A “GOLD” SEAL CERTIFICATE FROM TALLAHASSEE, FLA. O.F.R. (OFFICE OF FINANCIAL

    REGULATIONS)

    I HAVE 6 APPEALS IN LAKELAND, FLA. APPEALS COURT

    MARGETTA LANGLOIS VS, CURRENTLY “UNKNOWN” APPELEES.’ AIN’T THAT SOME SHIT !!!!

    2D11-6547 THRU 2D11-6552 (EXCLUDING 2D11-6550 ANOTHER APPEAL ON A HOME I AM OWED

    $ 35,000. PLUS INTEREST SINCE 2004-NOW JUDGES AALLOW LL KINDS OF CORRUPTION, FRAUD

    PERJURY, FORGERIES

    I WAS NEVER SERVED ON MY CASE I’M FIGHTING STILL

    I “NULL” & “VOIDED” 7/27/11 SALE/ “Q.C.DEED”

    I “NULL” & “VOIDED” THE FORECLOSURE DUE TO “NO” MORTGAGE CO.’S LEGAL FOR 3 1/2 YRS. I YELLED

    I “NULL” & “VOIDED”THE $ 293,000. ILLEGAL” JUDGEMENT

    I “NULL” & “VOIDED” EVERYTHING &

    I WROTE I AM THE “PREVIOUS” OWNER& “STILL” OWNER..

    THIS CAN NOT BE REMOVED, BY ANY JUDGE, COURT “NO’ ONE

    I DID IT AGAINST THE DEED & TITLE OF HOME.

    SEEING THE JUDGE, SHERIFF, IN FLA.SAYS IT IS NOT “FRAUD” THEN IT’S NOT “FRAUD” WHAT I DID…

    I PAID AN ATTY. $ 1100. HE WAS BLACK-BALLED OFF MY CASE & KEPT MY MONIES & PAPERS & NEVER

    SIGNED ON MY CASE/ APPEALS

    I AM ELIGIBLE FOR A “FREE” ATTY. BUT SO CONVIENTLY “NONE” AVAILABLE FOR ME,

    YA GOTTA DO WHAT YA GOTTA DO.

    I DID NOT DEFRAUD THE WOMAN WHO BOUGHT MY HOME ILLEGALLY,

    I TOLD HER FATHER DON’T PUT YOUR MONEY INTO TO “MY” HOME I WILL GET IT BACK & I O U NOTHING,

    GO AFTER THE REALTOR WHO KNOWS MY HOME IS IN APPEALS & FORECLOSURE CASE IS “OPEN”

    SHE “STUPID” BOUGHT MY HOME W/ $ 967,000 LIEN ON IT & REALTOR NEVER TOLD HER IT WAS A 3 XS

    SINKHOLE,

    I LOST MY $ 242,900. HOME,

    $293,000 “FRAUD” /’ILLEGAL JUDGEMENT

    $ 270,000, INS. FULL POLICY , “TRIPLE” DAMAGES & INTEREST BACK TO 4/12/905 DAY

    OF”ORIGINAL”CLOSING & DAMAGES, & INTEREST BACK 4/12/05….

    THIS “FRAUD-CLOSURE” WAS ABOUT “CREATIVE-MORTGAGE-FRAUD” FOR INS-FRAUD” & DUE

    TO “TRAVELER’S FAILURE & REFUSAL TO “INVESTIGATE”THE INS, FRAUD BY MORTGAGE FRAUD &

    TRAVELER’S REFUSAL TO “PROSECUTE” 5 FRAUD CO.’S & 8+ FRAUD ATTY.’S

    SCHEME TO DEFRAUD W/ INTENT TO DEFRAUD THEIR “OWN” INSURED.BY TRAVELERS/ GEOVERA/

    USF&G INS. CO.’S.

    IF IT’S “NOT” FRAUD WHAAT THE COURTS DID TO US THEN “NULL” & VOID” EVERYTHING THEY

    DID TO US…..PAYBACK’S A “BITCH” BUT “REVENGE” IS AN “ORGASM”……

    • lvent says:

      Dont be a victim…occupy…guts, guns and God! America is our house, the peoples house…Right now we are hijacked along with all of our wealth…they are coming for all of it soon…as well as all of us if WE THE PEOPLE ALLOW IT…! AMERICA IS LEFT STANDING AT THE GATES OF HELL BY THE TRAITOR POLITICIANS IN CONGRESS AND THE SENATE..ALL OF THEIR MINIONS AND COHORTS FROM WITHIN…THE NAZIS ARE HERE…! WAKE UP AMERICA…ONLY WE THE PEOPLE CAN SAVE AMERICA AND O– USELVES!!!

  2. indio007 says:

    I always knew she would sell out. She is a pathetic opportunist. She never apologized for ruining the lives of 3 people ( Fells Acres Day Care case, the poster child of prosecutorial misconduct). Don’t expect an apology for this . Unless of course there is career advancement in it for her.

  3. charlie rice says:

    THE BANKS They STEAL your home by FRAUD that they CONFESSED TO, now THIS SELLOUT of slapping you in your face with THIS SETTLEMENT…

    HEY, THE PEOPLE DIDN’T ASK FOR THIS SETTLEMENT, WE WANT TO SEE THESE PEOPLE GO TO JAIL FOR THE CRIMES THAT THEY COMMITTED!!!

    THE MESSAGE IS IT’S OK TO STEAL YOUR HOME AND GIVE YOU $2.00 FOR IT… WHAT AN INSULT WTH????

    Why don’t everyone RISE up and TAKE our EMPTY homes BACK.

    THE Law is MAN MADE, and THEY DON’T RESPECT US AMERICANS….

    THIS FRAUD IS OK, TO BRING UPON THE COURT BY THEIR LAWYERS. IN ADDITION THEY STILL PAY TO STAY OUT OF JAIL….

    WE DON’T NEED THIS TYPE OF GOVERNMENT RULING THE PEOPLE…

    MAYBE IT’S TIME FOR IT TO COME DOWN ONCE AND FOR ALL…

  4. Ali says:

    If Obama thinks that Congress is going to sign off on this is crazy. Now he has two big consttutional fights on his hands. He might cost his benefactors more then what they think he’s worth!!!!!!! In fact I wouldn’t be surpised if the speaker of the house is planning to go all CONSTITUTIONAL on his ass!!!!!! Wow, what asight to see in an election year. I think WE THE PEOPLE are getting pretty fed up with his shit. TBTF & TBTF!!!!!! Yeah, we’ll see. Bye-Bye FED. RESERVE!!!!!!!!!

    • lvent says:

      CONGRESS AND THE SENATE ARE THE BIGGEST TRAITORS IN THE HISTORY OF THE WORLD…..LIARS…TRAITORS…..THIEVES…….THEY CREATED THE FED…AND THE MASSIVE DERIVATIVES FRAUD….THEY ARE THE NAZIS….THEY HAVE THIS COUNTRY HELD HOSTAGE BY THE FEDERAL RESERVE….THEIR CREATION!!! OFF WITH THEIR HEADS!!!! OCCUPY…THEY CREATED THE NDAA AND CODIFIED IT IN THE CONSTITUTION BEFORE OBAMA EVEN SIGNED IT……!!! WHY??? TO PROTECT THEMSELVES FROM US!!!! NONE OF THESE CROOKS…CRIMINAL IMPOSTERS EVER LENT US ANY MONEY…! THEY ROBBED US….!!! OFF WITH THEIR HEADS!!!!!

      • lvent says:

        Obama can make this right… He can sign an EO…THE PEOPLES 9-11 ACCOUNT….EO FREEDOM AND DEMOCRACY…9/11……EO 911……AND CREATE A TRUST FUND……THE AMERICAN PEOPLES STOLEN WEALTH TRUST…… WHERE ALL OF THE CRIMINAL IMPOSTERS CAN DEPOSIT ALL OF OUR STOLEN WEALTH…WE CAN THEN ISSUE OUR OWN CURRENCY BACKED BY THE RETURN OF OUR HIJACKED, STOLEN WEALTH!!! THE AMERICAN PEOPLE CAN THEN TROW THE TRAITORS IN CONGRESS AND THE SENATE AND THE FED…IN PRISON…THE TRAITORS!!! AND WE THE PEOPLE WILL OCCUPY CONGRESS!!!!!!!

      • lvent says:

        TELL THE WHITE HO– USE …THE PEOPLE DEMAND THIS…EO….DESCRIBED ABOVE…AND IF ANYTHING SHOULD HAPPEN TO OUR PRESIDENT FOR DOING THE RIGHT THING…WHAT THE PEOPLE WANT…WE NOW KNOW WHO THE TRAITORS ARE….AND WE THE PEOPLE WILL HANG THEM ALL FROM THE LAMPOSTS!!!! AMERICA IS OUR HO– USE..THE PEOPLE HO– USE….WE FUNDED AND PAID FOR IT….AND WE DEMAND THE RETURN OF OUR HIJACKED STOLEN WEALTH….AND OUR OWN CURRENCY BACKED BY OUR OWN STOLEN WEALTH…U.S. BANK NOTES AND STATE BANKS OR WE WILL HOLD ALL POLITICAL TRAITORS ACCOUNTABLE…..WE KNOW WHO YOU ARE AND WE ARE ALL ARMED AND DANGEROUS! OCCUPY CONGRESS AND THE SENATE….! WE THE PEOPLE WILL PROTECT OUR PRESIDENT AND OUR WHITE HO– USE….AND THE PEOPLES HO– USE….THE UNITED STATES OF AMERICA…!!!

      • lvent says:

        WE MUST ALERT THE PEOPLE!!!! OCCUPY!!! THE TRAITORS ARE IN THE SENATE AND CONGRESS…THEY INSTALLED MANY OF THEIR NAZI COHORTS AS OUR GOVERNORS AND MAYORS ….!!! IF THEY LIE, DECEIVE OUR TRY AND CONCEAL THE CRIMES THEY ARE OWNED BY THE NAZIS….THEY ARE TRAITORS AND CRIMINAL IMPOSTERS AND MUST NOT BE TRUSTED!

      • lvent says:

        Here is what President Obama can do to correct this manufactured mess…stated in my comments above….EO 9/11…..OBAMA MUST INSTITUTE AN EO TRUST FUND TO RECIEVE ALL OF THE PEOPLES STOLEN WEALTH….ISSUE OUR OWN CURRENCY …..U.S. BANK NOTES BACKED BY THE PEOPLES STOLEN WEALTH TRUST FUND…..HOLD ALL POLITICAL TRAITORS ACCOUNTABLE..! THE U.S. GOV SHOULD PLACE THE FED RESERVE AND ALL THEIR BANKS INTO RECEIVERSHIP……ALL MONEY COLLECTED GOES IN THE PEOPLES EO TRUST FUND……THAT ACTION WILL .STOP AND END THE FED RESERVE HIJACKING OF OUR WEALTH AND END THEIR TYRANNY …..OPEN STATE BANKS…AND INSURE THE PROTECTION OF OUR NATIONAL SOVEREIGNTY AND OUR FREEDOM AND PROSPERITY!!!

  5. Javagold says:

    whatever they try and do, they can never control the moral hazard of shitting on the rule of law….this will be their downfall

  6. Ali says:

    The answer to you question is that “It is an election year”. Obama wants to take credit for solving the housing crisis. This only proves that he’s has miscalulated the sheer numbers of people harmed (VOTERS) and if we stick together and flood the court system with our complaints against MERS NOW, the house house of cards will fall. Remember a portion of that money is to go for “Legal Help’ for those that need it. We must not stand down. This is a critical time to move forward and keep helping each other also. This problem has and still is under reported and is still being reported as a “Robo-signing” problem”, so a majority of people still don’t know that robo-signing is just a symtom of the major underlying frauds committed was designed to cover those up.

  7. joi says:

    SELL OUTS……

  8. talktotennessee says:

    NY and MASS may have some advantages but the rest of us just got the shaft. MERS may be the only vulnerability the industry has left through legal standing but if underlying fraud is removed, the courts show signs of recognizing MERS as a legal construct for the industry. Apparently the bankers believe they can argue the challengers on this one and defeat or buy them out. Few challengers to MERS. Expect Schneiderman to challenge but who knows if his efforts will have any impact or eventually go quietly away, paid off for New York. Our AG couldn’t stand up with a prop!

  9. Fred Simpson says:

    Wow, the bad news never stops. I think Martha needs to admit she caved-out, and did exactly as was told.
    Stunning! We have no rule of law, anything goes kids.

  10. Katheryn says:

    The 1% are in no need of a healthy economy. Their’s is doing just fine as is. Why on earth would they want change? This is not rocket science and I’m at a loss as to why so many seem to jump on their bandwagon as soon as they open their mouths with more of the same old rhetoric. When I see the banks take a “defensive” position over any issue is when I perk up and know that a bank “nerve” was hit.

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