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'SHROUDED IN SECRECY' -MICHIGAN AG ASKED TO NOT SIGN THE FORECLOSURE SETTLEMENT DEAL --JAN 31 2012

'SHROUDED IN SECRECY' -MICHIGAN AG ASKED TO NOT SIGN THE FORECLOSURE SETTLEMENT DEAL --JAN 31 2012

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Published by 83jjmack
THE DEADLINE FOR THE AGs to sign is Feb. 3rd.
THE DEADLINE FOR THE AGs to sign is Feb. 3rd.

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Published by: 83jjmack on Jan 31, 2012
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Top Network News:Michigan AG asked not to sign on to foreclosure fraud deal with feds
By
Todd Heywood
 
Tuesday, January 31, 2012 at 2:48 pm
 Ingham County Register of Deeds Curtis Hertel, Jr., sent a letter to MichiganAttorney General Bill Schuette on Tuesday asking him not to sign on to arumored foreclosure fraud deal brokered by the U.S. Department of Justicewith all 50 states and two of the nation’s largest banks.The proposed deal has to be approved by Feb. 3,reportsBloomberg NewsService.Hertel is urging the state’s top law-enforcement officer to talk to theMichigan people about the deal, which he says has been “shrouded insecrecy.” Hertel says the deal is rumored to include immunity from criminalprosecution for executives and employees of JP Morgan Chase and CitiGroup— something he vehemently opposes. “If a person committed this kind of widespread forgery and fraud, theywould go to jail,” Hertel told The American Independent in a phoneinterview. “Therefore, we believe the banks should meet the same fates.” In Michigan, Hertel has been a leading voice inferreting out robo-signing foreclosure fraud. Robo-signing is a term used to describe the massproduction of forged signatures on legal documents related to mortgageforeclosures and other matters.Hertel has had a close working relationship with Schuette’s office and hasreferred several cases for criminal investigation. He is also suing severalbanks and foreclosure firms forallegedly failing to pay millionsof dollars inproperty title transfer taxes. He isalso suingthe Mortgage ElectronicRegistration System alleging the same tax dodges.In his letter, delivered to Schuette’s office Tuesday morning, Hertel wrotethe attorney general:I am writing to ask that you stand firm, and refuse to add Michigan to anysettlement that would give criminal immunity to the defendants. Ourongoing investigations have demonstrated that the major banks in thissettlement, and their hired document mills, were engaged in the practice of robo-signing. Hundreds of residents here in Ingham County, and thousandsof residents across the state, were illegally foreclosed upon because of thispractice.These illegalities have stolen due process from our own citizens, and robbedthem of precious time that could have been used to recover and resumetheir mortgages, or obtain a modification. A family who is facing a
 
foreclosure is already vulnerable; this practice insured that they could notpossibly reclaim their home.The full letter is embedded below. “Those crimes were committed in our offices and essentially destroyed ourland property records,” Hertel says of the alleged frauds. “You shouldn’t beable to buy your way out of criminal investigations.” The Attorney General’s office did not immediately respond to an inquiry.

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