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Brand New Settlement Plan
Brand New Settlement Plan
See how it will change how banks operate

           Remember way back when in 2008 when the banks were performing abusive and negligent foreclosure practices? Well reparations have begun friends. This new article on CNN Money tells all. Under a new deal announced on Thursday the “banks will commit $26 billion to help underwater homeowners” and this money will also compensate those who had to give up their homes because of the banks’ improper foreclosure practices.
            As a part of this deal, banks have also agreed to change how they handle their business, particularly the way they handle and approve foreclosures. We all know that banks have dealt a lot of terrible hands to homeowners, but how did they accomplish it? According to a group of state attorney generals “banks lost important paperwork, cut corners and enlisted robo-signers to attest to facts they had no knowledge of”. The disturbing nature of this is not just the bank’s actions, but also the grand scale on which they performed their bad business practices. Banks cut corners and lied about facts they weren’t sure of on hundreds of documents every day putting people out ... more

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