Foreclosure Attorneys and Major Players Pressure Kamala Harris to Reject Wrongful Foreclosures Settlement

California union leaders, politicians, and activists have been putting incredible pressure on California Attorney General Kamala Harris to reject the nationwide settlement proposal put forward by the major players, including the U.S. banks who have been accused of passing wrongful and illegal foreclosures.

Deeply Flawed Proposal

Kamala Harris has come under the crossfire ever since she became the pivotal person who can pass or reject the nationwide settlement proposal of U.S. banks. These major U.S. banks have been accused of foreclosing on homeowners without adequate proof and with robo signed documents. Many people have been forced to speak with foreclosure attorneys even though they have been making payments on their home mortgage due to the faulty practices of major banks in the country.

The Big Picture

Foreclosure attorneys and key politicians in California are asking Harris to put her foot down and take a hard line when it comes to the proposal which will in effect allow these major banks to walk scot free for their role in the illegal foreclosure crisis. Most people in California see the settlement as an inadequate one which requires these banks and mortgage giants to pay up just $20 billion which does not begin to repay homeowners who have been unjustly foreclosed upon. But many of these homeowners bought too much house and lived beyond their means. Not all homeowners are innocent here either. Regarding banks, some of these corrupt CEOs and executives should be held responsible to the utmost degree. A heinous white collar criminal should be executed just like a blue collar one. 

A Vital Point to Ponder

With the ever increasing number of foreclosures, foreclosure attorneys have become very important in the scheme of things. The settlement that is being hashed out allows for liability release in a language that would ensure that loopholes exist to allow the banks to wiggle free. Though they have been hammered in more ways than one in this process. If they are too big to fail, perhaps they should not exist.