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Florida gets $8.4 billion share of foreclosure settlement It may be months before current and former South Florida homeowners know for sure whether they can get a slice of the $25 billion nationwide foreclosure settlement, but tens of thousands will be waiting for their chance. www.sun-sentinel.com
Tulsi Gabbard: Banks Sink to New Low by Foreclosing on Deployed Troops We can and must do more to protect military families like the Rowles'. Just as we provide our troops with the best possible protection on the battlefield, we have a commitment to look out for them and their families while they're away. www.huffingtonpost.com
Delaware joins nationwide mortgage foreclosure settlement Delaware Attorney General Beau Biden announced that Delaware has joined a mortgage foreclosure settlement among the states, federal government and national mortgage banks. www.newarkpostonline.com
Homeowner wins back her house after fighting foreclosure Karen Mena managed to get a foreclosure on her San Bernardino home rescinded. But she continues to negotiate with Bank of America over loan terms and could still lose the house. Foreclosure commonly represents the end of a struggle. A borrower can't pay a mortgage, loses a home and moves on. www.latimes.com
Dennis M. Kelleher: First Bank Fraud, Now Political Fraud It's like saying rather than drowning in a lake 50 feet deep, you get to drown in a lake that is only 30 feet deep. And, people are taking victory laps? You don't believe any of that and still think what the politicians said about punishing the banks was true? www.huffingtonpost.com
Florida Homeowners Find Little to Cheer in Deal With ‘Gangsters’ Florida (STOFL1) , the U.S. state with the highest percentage of troubled mortgages, may collect almost one-quarter of the national $25 billion foreclosure settlement. For Cheryl Alexander, who had a court halt the forced sale of her home, that’s not enough. www.bloomberg.com
Banks Paying Homeowners a Bonus to Avoid Foreclosures: Mortgages Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties for less than they owe. www.businessweek.com
Florida Homeowners Scorn Bank Deal Although Florida stands to collect almost one-fourth of the national $25 billion foreclosure settlement, homeowners find little to cheer www.businessweek.com
State Senate votes to extend mortgage protections (01-23) 17:50 PST Sacramento, Calif. (AP) -- California lawmakers voted Monday to extend a law passed during the peak of the mortgage crisis that provides added protections for property owners, renters and neighbors of... www.sfgate.com
Big Banks, 49 States Reach $25 Billion Deal Over Foreclosure Abuses Watch Video | Listen to the Audio RAY SUAREZ: After long months of negotiating, 49 states joined an agreement today over foreclosure abuses. U.S. Attorney General Eric Holder announced the deal in Washington. ATTORNEY GENERAL ERIC HOLDER: It is the largest joint federal-state civil settlement in the history of this nation. RAY SUAREZ: The news came even as foreclosed homes still litter the ... www.pbs.org
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