@ WUA: You’re right on about the $1500. Truth be known that money will only lengthen the jobs of the so-called ‘homeowner help’ associations. They are filled with the old cronies of the banking industry so don’t be fooled that they are going to help the homeowner! Their jobs will be secure with all of this cash flow coming from lawsuits, settlements and the like. Nothing for the wronged homeowners! Poor New Yorkers they were hooked; line and sinker with Eric S. He turned out to bend over…..and still no crimminal indictments!

Exactly right! In default to WHOM?
Also, how did the default occur? Was it from fraudulently charged late fees, misapplication of payments, unnecessary and fraudulent forced-place insurance, failure to credit payments, etc.? Most judges are still confused and think that the only issue is default. Defaults can be cured if correct amount of payments due are accepted by the party who has the right to collect. And, who would that be? I suspect it is actually the Fed, hiding behind the GSEs and the Treasury bailouts.
I get so weary of the “homeowner in default” justification. This, from entities which are, in fact, bankrupt themselves and are subsisting on the float from .09% interest loans from the Fed discount window invested in US debt (treasuries) at 3%. We could all cash flow on a 2% multibillion dollar float. Why do they still get to take the homes? Double, triple, quadruple dipping and then the only real asset–land and improvements–is handed over to the fraudulent claimant on forged paperwork and false claims of standing. Did the banking scam artists think that no one would figure this out? When they start to lose, they try to change the law: See the Permanent Editorial Board of the Uniform Commercial Code report of November 14, 2011 in which the issue of the Article 9 “creditor” in secured transactions is parenthetically called the “transferor.” Article 9 doesn’t include the language “transferor” and this is conveniently supplied by a private interest group masquerading as acting in the “public interest.” This is truly the Trojan Horse:
http://www.ali.org/00021333/PEB%20Report%20-%20November%202011.pdf
As with all lies, this too will not stand.

And only 4 million? How much did Baum take in before effectively being shut down? Oh, and I’m sure that 4 million will go towards foreclosure prevention programs. After administrative costs are deducted, of course. That will leave about $1,500.

I told people not to get too excited about Schneiderman when he was a hold-out in thr national settlement. New York – your guy turned out to be a sell-out. Schneiderman is a fraud.

If you’re wondering if there’s a photo of someone with that fired part-time dominatrix from his office, we think alike.

Listen up, homeowners! If you are current with your mortgage payment and you expect to keep paying, you MUST pay the party entitled to enforce to ensure debt discharged dollar for dollar. If a borrower pays a party not entitled to enforce the note, and the real party shows up with its hand out for payment, the only recourse to recover the amount paid to the wrong party is expensive litigation.

In a FAILING economy, with doom in sight, those who still are paying loans on underwater property are essentially paying rent, with debt–and maintenance and taxes (sure to increase dramatically soon)–on their shoulders. Now, that, folks, is a win/win for the banks.

@JACLYN

ISN’T THAT THE TRUTH. THIS MAN AND HIS CRONIES SHOULD BE PUT UNDER THE JAILHO– USE WITH THE KEYS THROWN AWAY. HE — USED FALSE DOCUMENTS IN MY CASE AS WELL AND FEIN, SUCH & CRANE ARE IN COLUSION WITH THESE CRIMINALS AND STILL CONDUCTING SUCH FRAUDULENT ACTS. BUT THEY’LL BE NEXT. GOD ISN’T SLEEPING, STILL SITS ON THE THRONE AND SEES ALL.

Seems Schneiderman is better at advocating for the state than he is the people.

the issue is not a default, but who is the money owed too? they committed fraud and this is what brought down the whole financial system, it was not the deadbeats it was the wall street and the people who supported them, you see cutting the same branch you sit on is not such a good idea.