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Around 8.5 billions Settlement reached against Banks abuses on foreclosures

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  • Around 8.5 billions Settlement reached against Banks abuses on foreclosures

    In the past years, with the downturn in the economy, many banks have been quick in foreclosing on properties without following the proper "rules and regulations". Such practices has caused hurt many homeowners. Today a settlement was reached on this matter. We will update you as the situation unfolds and who are the one who will have a claim against the banks. Today announced this:
    By Ronald D. Orol, MarketWatch
    WASHINGTON (MarketWatch) — Federal regulators on Monday reached an $8.5 billion settlement with ten banks over foreclosure abuses stemming from the so-called robo-signing scandal, a deal that government officials say is expected to help more than 3.8 million borrowers.

    We welcome this development because we hope this should encourage banks to settle more of the second mortgages instead of foreclosing on homeowners.

    Shah Peerally is an attorney licensed in California practicing immigration law and debt settlement. He has featured as an expert legal ****yst for many TV networks such as NDTV, Times Now and Sitarree TV. Articles about Shah Peerally and his work have appeared on newspapers such as San Jose Mercury News, Oakland Tribune, US Fiji Times, Mauritius Le Quotidien, Movers & Shakers and other prominent international newspapers. His work has been commended by Congress women Nancy Pelosi and Barbara Lee. He has a weekly radio show on KLOK 1170AM and frequently participates in legal clinics in churches, temples and mosques.

    For updates follow us onYoutube, Radio, Facebook, Twitter and LinkedIn. Shah Peerally Law Group PC deals in immigration law - and
    Attorney Shah Peerally also deals in debt settlement. For more information call us on 510.742.5887 and visit us on
    Information provided above is for educational purposes only. One should not act or refrain to act solely based on the information provided. You should consult an attorney to assess your case before proceeding.

  • #2
    It is the main reason that's why people avoiding Bank loans and getting loan from other resources.
    What your stock broker doesn’t want you to see


    • #3
      And also its the main reason for the popularity of private money landing company. Because they provide you loan with normal term a condition.
      What your stock broker doesn’t want you to see


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