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Mortgate Settlement Could Bring Relief For Homeowners

February 9, 2012 4:01 PM

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Federal and state officials on Thursday announced a $25 billion foreclosure settlement with five of the nation’s largest banks. The deal settles potential charges about allegations of fraudulent foreclosure practices and improper foreclosures based on robo-signing.

The settlement does not help homeowners recover property lost to improper foreclosures, but does provide help struggling homeowners with refinancing home loans and reducing the amount of a homeowners’ principal on their mortgage.

For information on how the settlement could affect you, click here.

Mortgate Settlement Could Bring Relief For Homeowners

http://www.munishghai.com/mortgage-deal-could-bring-billions-in-relief/ Mortgage Deal Could Bring Billions in Relief California mill approx

[...] Mortgate Settlement Could Bring Relief For Homeowners (chicago.cbslocal.com) [...]

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