Tag Archives: robosigning

Banks Get Immunity; The Wrongfully-Foreclosed? $2k

In what’s being called a “landmark deal” between states and big banks, a $25 billion settlement has been reached over fraudulent and questionable foreclosures during the last several years.

I’ve posted about this before, but to summarize the deal:

  • struggling homeowners get better interest rates on their mortgages
  • about $2,000 paid to those who had homes that were improperly foreclosed
  • banks get a release from future lawsuits about these mortgages Continue reading
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