Action Alert | Attorney General Pam Bondi Seeks Public Input on Distribution of $300 Million in Fraudclosure Settlement Funds for Housing-Related Programs

I know what not to do with the money…

Use it as restitution to Lender Processing Services!

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Attorney General Pam Bondi Seeks Public Input on Distribution of $300 Million in Settlement Funds for Housing-Related Programs

TALLAHASSEE, Fla.—Attorney General Pam Bondi invites the public to make suggestions on how best to distribute approximately $300 million recovered on behalf of Florida’s consumers in the national mortgage servicing settlement. From Monday, April 30, through Monday, May 14, at 5 p.m., the public can submit suggestions to the Attorney General’s Office by visiting MyFloridaLegal.com.

“Florida is one of the hardest hit states in the country in terms of foreclosures, and I’d like to hear from Floridians about ways we can help homeowners and offset the devastation caused by the foreclosure crisis,” stated Attorney General Pam Bondi.

In the next several weeks, Attorney General Bondi will be evaluating input from the public, interested stakeholders, and representatives of the Governor’s Office and the Legislature before distributing settlement funds.

In February 2012, Attorney General Pam Bondi entered a $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices. The court-approved settlement calls for the Attorney General to direct approximately $300 million in consumer relief for purposes intended to avoid preventable foreclosures, to ameliorate the effects of the foreclosure crisis, and to enhance law enforcement efforts against financial fraud.

The settlement agreement lists permissible uses of the settlement funds, including: housing counselors, state and local foreclosure assistance hotlines, state and local foreclosure mediation programs, legal assistance, housing remediation and anti-blight projects, and training and staffing of financial fraud or consumer protection enforcement efforts. More information regarding the uses of these settlement funds can be found under “Exhibit B” of the final settlement agreement. Mortgage Settlement Link

SOURCE: http://myfloridalegal.com

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4closureFraud.org

Comments
14 Responses to “Action Alert | Attorney General Pam Bondi Seeks Public Input on Distribution of $300 Million in Fraudclosure Settlement Funds for Housing-Related Programs”
  1. Jim davis says:

    Has anyone received or know anything about the 300 mill. 5 Florida banks, including b of a, were supposed to be used to lower interest rates on underwater mortgages that were current held on house over 5.75%?

  2. CAS says:

    That money MUST go to the people! NOT to the AG office at all! All the people that were deceived into default by the fing gangster banksters! Its must go towards the reduction of the fake mortgages.
    EVERYONE KNOWS THAT THERE REALLY IS NO MORTGAGE BECA– USE ITS ALL IN BONDS IN TRUSTS SOLD AND LOST ON WALL STREET AND YOU CAN NOT HAVE A NOTE AND MORTGAGE AND A BOND (SPV) AT THE SAME TIME – ITS ILLEGAL.
    WHAT A BUNCH OF JERKS!

    iF AG — USES THAT MONEY FOR ANYTHING OTHER THAN THE HOMEOWNERS SHE SHOULD BE FIRED – END OF STORY. IMMEDIATELY DISMISSED BY THE PEOPLE.

  3. vince faulkner says:

    Here is a copy of the suggestions that I sent to the AG’s office for what it is worth. On 4-12-12 I met with Diane Matousek Clerk of Court for Volusia County and some of her staff. I provided them with some of the results of my research into our fraudulent document problems to which she was amazed by what she saw. My docs were put into a report that she took last week to a conference of FACC [ Fl. Assoc. of Court Clerks ] in an attempt to get other Clerks lined up with her. For months I was told that there was nothing that they could do so anything is an improvement. If others are working with Court Clerks please contact me to forward this approach. Go Lisa!

    Letter to AG

    The first problem I see that needs correction is the States budget reductions for Court Clerks while at the same time finding 4 million dollars to once again hire retired Judges to expedite foreclosures. Perhaps hiring special Magistrates to perform independent reviews of highly suspect cases of foreclosure would make better sense. The next step would be to give authority to Court Clerks along with additional staff to research and clean up public land records which are filled with documents that are questionable at best. Once uncovered the parties responsible should be dealt with as the law allows in addition to financial restitution. While we may not be able to fully unwind what has already happened we should also not be so foolish as to think that expediting pending foreclosures will prove to be beneficial. How can we expect a Judge to make a fair ruling when the documents presented to show standing are flawed. It is time to stand up for the people of the great State of Florida.

    • CAS says:

      Hopefully charlie green can see through his rose colored glassed and pockets stuffed with gangster cash from the banks that bought him off, that deadbeat

    • Beth A. says:

      Thanks for drafting and sending that letter!

  4. thisblows says:

    This woman is so deceitful and cunning, that it is truly sickening!!! She has already decided what to do with the money and believe me… it will not help a single person, that has lost their or will lose their home to the fraudster banksters.. She has proven time and time again, that she does not believe in helping the “deadbeat homeowner”

  5. michelle says:

    The banks admitted fraud by agreeing to pay the settlement..If the settlement money goes to anyone besides the people who lost their homes, its fraud again.This is a court order to pay damages for the banks wrong doings.Im a home owner who was for closed on by e.m.c mortgage(chase).Chase admitted to wrong doings against their customers that would be me.Not the state of Michigan that I live in.Why should the state of Michigan get the money?They want to give the money to the states so they can help people who are being for closed on now or in the future.When I was asking for the states help because I was being for closed on, I got no help!The state agencies I contacted said their office didnt handle those matters.Most of the time I got no answer at all! If you lost your home to for closure you cant afford a lawyer to fight these banks, who admit fraud. Lost homeowners just get to sit back and watch .Everyone who can afford a lawyer to cash in on our loss!

    • Beth A. says:

      Former MI resident here —-

      Isn’t it amazing that the AG’s Office (both prior and current AG who have been bought by the fraudclosure firms such as Trott & Trott) ignored consumers’ complaints about the industry? I know a few people who provided the AG of MI’s office with tons of info on Trott & Trott and others — only to follow-up to find out that their complaint file at the AG’s Office disappeared!!!!

      The AG’s – particularly in MI and FL should be run out of the state w/a public torch lighting. They’ve basically just sat back and enjoyed the show while people were harmed and lives were ruined — then sat up to take notice ONLY when their was a big, fat check that they nabbed for themselves.

      If that is not an evil government racket – I don’t know what is.

  6. PJ says:

    My suggestion was to re-hire Theresa Edwards and June Clarkson to set up an independent investigative and prosecuting task force to bring criminal indictments against the individuals who committed the crimes alleged in the Complaint that led to the settlement.

    Every man, woman and child in Florida should send in the same exact recommendation.

  7. PATRICK THE PATRIOT FARRELL says:

    Blah blah blah.
    All money comes from people’s life force which belongs to them,but all have been collateralized by the govt.
    who uses the life force to create a bond of $1,000,000, and an insurance policy for $630,000.
    The United States is a Cestue Que Trust. A mortgage backed security is a Cestue Que Trust.
    They are the same thing. Your promissory note of perhaps $250,000, and your birth certificate of $1,000,000, is where money comes from. It is the basis. A Secured Party Creditor like myself, knows that both require permission.
    All bank notes were securitized into a a ponzi scheme, making them fail to get the insurance, and still claim you “owe” the amount of the note. False. All notes were discharged by EESA and TARP.All foreclosures are a fraud.
    Taking back control of your birth certificate, gives you the right to write off all your debt up to $1,000,000. SOund too good to be true? Where do you think the funds come in a bankruptcy for payoff? Or to fund the TARP bailout? Or for funds to wage illegal wars in Irag and Afgan? The Sovereign idea or “movement” is called “frivolous” by the assholes who are benefitting from the current system. Fuck em. Take back control of your life, or be a sheep and get slaughtered.

  8. Kathleen Burt says:

    I recommended hiring and training more court clerks to replace the 55 let go by the new legislative budget; putting out information on what qualifies a homeowner for a re-fi and where to apply for some of this new money. (?!)

  9. Beth A. says:

    This is amazing — technically, the money is to go to the people WHO WERE HARMED.
    I could just throw-up. Unreal.

  10. Bobbi Swann says:

    Thi is pure smoke screen!!!! Se already knows where that money is going and she will use it to staff and cover the budgets of so-called agencies to help foreclosure victims….but ultimately they do NOTHING to help. Just a smoke screen and I’m sure it’s one of her ‘buddy’ relationships agency that also contributed to her campaign fund! Mark my words. The woman is a viper!

  11. ChrisYAHanWatcher4YAH says:

    Good for AG Bondi We SMELL: RATS too?

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