New York Paralegal Blog

Complaint Charges Use Of MERS By Bank Of America, J.P. Morgan Chase, And Wells Fargo Resulted In Fraudulent Foreclosure Filings NEW YORK – Attorney General Eric T. Schneiderman today filed a lawsuit against several of the nation’s largest banks charging that the creation and use of a private national mortgage electronic registry system known as MERS has resulted in a wide range of deceptive and fraudulent foreclosure filings in New York state and federal courts, harming homeowners and undermining the integrity of the judicial foreclosure process. The lawsuit asserts that employees and agents of Bank of America, J.P. Morgan Chase, and Wells Fargo, acting as "MERS

NEW YORK, NY (June 28, 2010) - Attorney General Andrew M. Cuomo today expanded his investigation into mortgage rescue companies that abuse New York homeowners. As a part of his ongoing investigation, Cuomo is sending over 30 additional cease-and-desist letters to mortgage rescue companies warning them to immediately end all misleading and illegal conduct. A total of 213 companies have now been put on notice. The Attorney General’s ongoing investigation into the mortgage rescue industry revealed that many companies routinely collect illegal up-front fees from homeowners on the brink of foreclosure and then fail to help them lower their mortgage payments or save their home as promised. Thousands of New Yorkers have been affected by mortgage rescue scams. After sending cease-and-desist letters to over 180 mortgage rescue companies last week, the Attorney General’s office received consumer complaints and uncovered more evidence that indicated additional companies may be abusing New York ...