I just found a government site that I wanted to share. It is http://www.HelpWithMyBank.gov It has resources for individuals who may be encountering difficulty with their bank. It also has breaking news on banking related information such as regulations by the FTC. It is definitely worth visiting and bookmarking for future reference.
The big question I have, on a topically related issue, is the 27 page settlement offer over foreclosure deficiencies in their paperwork. I believe it involves settling with some homeowners and offering a principal reduction. Will the banks accept that? Can you imagine the impact? I can come up with a million different scenarios and responses from people who have and have not experienced a reduction in home value. This is a big big big issue in my opinion.
Stay tuned for more-the government website I've listed will undoubtedly cover it as well.
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