A.G. SCHNEIDERMAN ANNOUNCES MAJOR LAWSUIT AGAINST NATION’S LARGEST BANKS FOR DECEPTIVE & FRAUDULENT USE OF ELECTRONIC MORTGAGE REGISTRY

Complaint Charges Use Of MERS By Bank Of America, J.P. Morgan Chase, And Wells Fargo Resulted In Fraudulent Foreclosure Filings.

We had a feeling the AG was working on something big. Now in addition to hammering these banks he can put some more pressure on them by getting MERS to pay all of the unpaid recording fees they owe. We are VERY happy to see this! As I've said before we in New York are EXTREMELY lucky to have Mr. Schneiderman as our AG.


http://www.ag.ny.gov/media_center/2012/feb/feb03a_12.html