1M homeowners may get mortgage write-downs
HUD says proposed deal over shady foreclosures could be finalized soon, creating largest principal reduction to date. Read more.
HUD is close to deal on Foreclosures, How will they effect Pensacola, Florida
With all the talk of Robo signings and all the money being tossed around is it any wonder that some want this to go away. Banks offer 5 to 20k to quit claim there properties or short sale them, could it be that they do not have any rights to foreclose or the deeds lost forever or what?
This announcement came on the same day that two big regional U.S. banks disclosed they had set aside money related to mortgage servicing matters, a sign that lenders beyond the five largest mortgage servicers may join the expected settlement.
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