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$25 billion settlement over foreclosure abuses may trigger a wave of home seizures, but help over time.

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  • Real Estate Bargains and Deals | | 10 Feb 2012, 04:01 PM Agree 0
    First, no good deed goes unpunished, so a wave of new foreclosures seems fitting. And for those who lost their homes, $1800 restitution is laughably small. Third, who is paying for this fund? Why, those of us who are responsible and paid our mortgages, that's who, through soon-to-come higher bank fees. And last, why should anyone who lost his house get anything? These people lied on their mortgage aps, lived rent free for months and then walked away from their obligation. The whole thing is a joke.
  • California Set to get $18B from Mortgage Settlemen | | 14 Feb 2012, 01:59 AM Agree 0
    [...] Attorney GeneralThe State of California is poised to receive close to $18 billion as part of a settlement reached between various state attorney generals and the major mortgage lending institutio...in the United States over questionable financial practices. The announcement was made by Kamala [...]
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