Lawsuit says California mortgage money mishandled
Legal Topics | 2014/03/17 21:43
Three community assistance organizations sued  Gov. Jerry Brown and other state officials on Friday, alleging the state improperly diverted nearly $370 million that was intended to help homeowners struggling with foreclosures.

The lawsuit filed in Sacramento County Superior Court says the money was siphoned off to the state's general fund as California wrestled with a massive budget deficit and has never been repaid. The money was part of the $25 billion settlement between major banks and nearly every state in 2012, with California receiving the largest share.

H.D. Palmer, a spokesman for the Department of Finance, said in a statement that the administration is confident that its budget actions are legally sound.

The suit was filed by attorney Neil Barofsky, who previously was inspector general for the federal bank bailout. The suit alleges the money is needed to help affected homeowners "weather the economic storm that continues to sweep so many families out of their homes."

"As a result of these diversions, large numbers of homeowners who are eligible for loan modifications or other relief have been left stranded, and countless fiscally imperiled California homeowners remain unaware of the full scope of their rights," the lawsuit states.

Barofsky filed the suit on behalf of three California-based community organizations that the suit says have helped thousands of homeowners: National Asian American Coalition, COR Community Development Corporation and National Hispanic Christian Leadership Conference.


[PREV] [1] ..[1669][1670][1671][1672][1673][1674][1675][1676][1677].. [2684] [NEXT]
All
Headline Legal News
Legal Topics
Legal Business
Attorney News
Court News
Court Watch
Areas of Focus
Legal Interview
Opinions
Federal horserace authority rules..
Probation for woman who wiped up ..
Family loses Supreme Court bid to..
Massachusetts governor signs bill..
Louisiana Supreme Court’s chief ..
2 new Family Court judges appoint..
Abortion clinic goes before judge..
Court reinstates ban on lobster g..
Wisconsin Supreme Court disallows..
Court denies request for emergenc..
States brace for fight over gun l..
Construction to begin on roadway,..
Supreme Court rules against Navaj..
Wisconsin Supreme Court says COVI..
Man denies kidnapping charge in a..
German federal court mulls bid to..
Pakistani court orders probe into..
Kansas Supreme Court upholds Repu..
Man denies killing mother at sea ..
Abortion rights protesters rally ..




St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Chicago Truck Drivers Lawyer
Chicago Workers' Comp Attorneys
www.krol-law.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
Bar Association Website Design
Bar Association Member Management
www.lawpromo.com
San Bernardino County DUI Lawyers
San Bernardino Criminal Defense Lawyers
www.bullardpowell.com
Indianapolis, IN Personal Injury Law Firm
Indian Personal Injury Attorneys
www.williamspiatt.com
New York Dental Malpractice Attorney
DUI Lawyer
dentalmalpracticenewyork.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Web Design For Korean American Lawyers
Korean American Lawyer Website Design
romeoproduction.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
Family Lawyer Rockville Maryland
Rockville Divorce lawyer
familylawyersmd.com
   Legal Resource
Headline Legal News for You to Reach America's Best Legal Professionals. The latest legal news and information - Law Firm, Lawyer and Legal Professional news in the Media.
 
 
 
Copyright © ClickTheLaw.com. All Rights Reserved. Legal Marketing Blog. The content contained on the web site has been prepared by Click The Law. as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. By using the www.clickthelaw.com you agree to be bound by these Terms & Conditions.

Affordable law firm website design by Law Promo