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Attorney general terry goddard, the man who filed one of those lawsuits. thank you so much for your time tonight. thank you. i think insane might be the right word. yeah. it s one of these things where, i don t know how many people are paying attention to this, but when you start to pay attention, the facts of the matter just seem like they re not possible. it seems like such an absolute chaotic, duplicitous situation. how did this first come to your attention? well, it s an avalanche in arizona. we ve had more second only to nevada in terms of the number of foreclosures per capita that we have in our state. so we ve been besieged. and bank of america is our largest servicer. so they stand at the front of the line in terms of responsibility. and at the back of the line in terms of their ability or their willingness to try to modify some of these loans. so they have the worst record on modification, and you ve just got a litany of what we hear every day at the attorney general ....
I think insane might be the right word. yeah. it s one of these things where, i don t know how many people are paying attention to this, but when you start to pay attention, the facts of matter just seem like they re not possible. it seems like such an absolute chaotic, duplicitous situation. how did this first come to your attention? well, it s an avalanche in arizona. we ve had more second only to nevada in terms of the number of foreclosures per capita that we have in our state. so we ve been besieged. and bank of america is our largest servicer. so they stand at the front of the line in terms of responsibility. and at the back of the line in terms of their ability or their willingness to try to modify some of these loans. so they have the worst record on modification, and you ve just got a litany of what we here every day at the attorney general s office, which is consumers are told, yes, we re listening, we re trying to modify your loan, at the same time, they re moving ah ....
Stop order on the foreclosure that had been issued. 24 hours, she learned her home had already been sold. and bank of america s response to the new york times was to express disappointment with the timing of the lawsuits. in addition to nevada and arizona lawsuits, iowa state attorney general tom miller continues to coordinate a 50-state negotiation into loan servicers documentation practices, practices that have led some servicers to attempt foreclosure on people who have already paid their mortgages in full. meeting with homeowners last week, miller flatly said, quote, we will put people in jail. describe the current dysfunctional and exploitative loan modification system as insane. joining now is arizona attorney general, terry goddard, the man who filed one of those lawsuits. thank you so much for your time tonight. thank you. i think insane might be the right word. yeah. it s one of these things where, i don t know how many people are paying attention to this, but when ....