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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 MarketWatch.com 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.
http://yourdebtsettlementattorney.com
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.
http://yourdebtsettlementattorney.com
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