State Rep in Arizona gets a 56% reduction on his home mortgage to drop a bill against banks

[MODem75]

http://ml-implode.com/viewnews/2011-04-29_AZRepSeelDropsAmendmentRequiringPreForeclosureChainofTitle2DaysA.html

AZ Rep. Seel Drops Amendment Requiring Pre-Foreclosure Chain of Title, 2 Days After Servicer Grants His Principal Reduction

2011-04-29 — ml-implode.com

``When Rep. Seel was asked what had happened to prevent him from showing up on time to propose the amendment, he explained that he had decided not to propose it because he was told there was no chance of it being adopted... something about it not being "germane," whatever that means. One thing though... from what Darrell explained to me, Carl Seel must have been in a very good mood the day of his unexpected tardiness, because even though he had been previously turned down twice for his own loan modification, two days before he showed up too late to propose the amendment, Ocwen granted him a PRINCIPAL REDUCTION that reduced his mortgage to $88,000 from roughly $190,000... that's a reduction of approximately 56% give or take a few points one way or the other.''

[MichiganVote]

1. K&R

[panader0]

2. Arrghh! Not my state again!

[Cirque du So-What]

3. This oughta go over real well

If only prosecutors would take an interest...

[Freddie Stubbs]

4. There are no members of Congress named "Seel":

http://www.house.gov/representatives/

[MODem75]

7. AZ

http://www.azleg.gov/MembersPage.asp?Member_ID=16&Legislature=49&Session_ID=87

[LonePirate]

10. The thread title says he is a Congressman. He is just a State Representative.

[AlabamaLibrul]

8. AZ State Rep nt

[Brigid]

5. Does everybody else get a 56% reduction too?

No? I didn't think so. :eyes:

[LonePirate]

6. He's a Rethug in case anyone is wondering. This should be no surprise.

[AlabamaLibrul]

9. STATE Reps pulling in $100k+ bribes these days... Politics sure is expensive nt

[icnorth]

11. State House Rep. Dist. 6. n/t

[barbtries]

12. isn't that

prosecutable?!??!?!?!?

[robinlynne]

13. of course.

[blondeatlast]

14. Our state prosecutor is a major RW tool with senatorial/presidential ambitions.

This state is as hateful as 1950s Alabama and as corrupt as 1930s Chicago.

[Heywood J]

15. That doesn't at ALL resemble a quid-pro-quo in any way whatsoever.

Two days? He couldn't even wait more than two days? Give me a break.