short sale: WHAT YOU NEED TO KNOW ABOUT THE NATIONAL MORTGAGE SETTLEMENT
- 03/13/12 01:50 AM
On Monday, March 12th, the proposed Settlement documents were filed in Federal Court revealing what each of the Lenders is required to do. You can read the details at http://nationalmortgagesettlement.com/. How they’ll meet those obligations is critical to upside down homeowners. Those details are slowly emerging through analysis, press-releases, and side deals. Here’s what you need to know so far: 1. The Lenders - the Settlement ends lawsuits by the Federal Government and State Attorney Generals against: Bank of America, Wells Fargo, JP Morgan Chase, Citigroup, and GMAC/Ally. 2. The Settlement - requires the 5 Lenders to collectively provide up to $25 (0 comments)