It's a bang to the banks as 49 states joined in a settlement regarding foreclosues on homeowers which began in 2008. Attorney General Eric Holder stated that 29, billion dollars in a way to find some relief. Hurt borrowers from 5 banks suffered home foreclosures due to denial of lowering mortages and engaging in quick foreclosure tactics. Citi-bank, Bank of America, JP Morgan Chase, Wells Fargo and Ally are among the top largest banks targeted in the settlement. The total settlement will cost the banks in paying at least 750 million homeowers checks ranging from 1,500 to, 2, 000 dollars. President Obama stated that " this deal is one step, ...this settlement is a start." This also allows homeowers to pursue their own suits against banks whereby they may recover losses and sufferings in the lost of their homes. Some homeowers feel the settlement has come too late, since they have lost their homes and will never get them back, but still they are willing accept the checks.
You have a point IR! Pointer fingers is much more easier..than pursuing a process & no one wants throw a punch to take back what's legally theirs. Greed has bullied them so!
Sunday, February 12th 2012 at 6:43PM
MIISRAEL Bride
Yep, I am so sure taht countless people would rather continue to blame anyone but themselves for refusing to do as our president has said, "GO GET YOUR HOMES BACK IF THEY HAVE BEEN TAKEN FROM YOU ILLEGALLY...DON'T ALLOW YOUR HOMES TO BE TAKEN ILLEGALLY...
AND, ILLEGALLY IS IF THEY DON'T COME TO YOU WITH THE D-E-E-D TO YOUR HOME IN HAND, THEY DON'T OWN IT...P-E-R-I-O-D!!!!!!!!!!!!!!!!!!! BUT, WHO HAS TIME TO DO ANYTHING TAHT TAKES A LITTLE TIME AND ENERGY NOT RELATED TO POINTING THAT FINGER OF BLAME ON ALL BUT Y-O-U ?????????????????????????? (N....U...P!!!!!!!!!!)
Thursday, April 10th 2014 at 6:47PM
ROBINSON IRMA
