Time To Pay The Piper

Time To Pay The Piper

Federal regulators and 14 banks have reached a $10 billion settlement agreement to resolve claims of foreclosure misconduct. This settlement follows the state suit settlement with 5 banks for $26 billion that was reached in February 2012. It is not clear yet how the funds will be distributed and who will be the recipients. Considering the millions of foreclosure filed since 2008, it will be difficult to make every foreclosure defendant whole again, but certainly will assist many.

By | 2013-01-18T05:59:38+00:00 January 18th, 2013|