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.



