unfair foreclosure practices: $25 Billion Deal To Help Distressed Greenville NC Home Owners
- 02/28/12 06:57 AM
Five of the nation's largest banks, Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and Ally Financial, have agreed to a $25 billion settlement deal over wrongful, deceptive, or unfair foreclosure practices. Attorney generals in each state are currently reviewing the deal and must approve it before it goes into effect.
The deal, if approved by the states, will attempt to reshape the mortgage industry and will offer at most about $1,800 to each Greenville NC home owner who went into foreclosure; it will also make it easier for current homeowners to reduce the principle of their mortgage or get loan modifications. … (1 comments)
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Five of the nation's largest banks, Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and Ally Financial, have agreed to a $25 billion settlement deal over wrongful, deceptive, or unfair foreclosure practices. Attorney generals in each state are currently reviewing the deal and must approve it before it goes into effect.
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