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June 10, 2013 @ 8:02 pm

What is the Foreclosure Settlement? Where’s my money!

Are you sitting by the mail box waiting for your settlement money? Learn why it will NEVER come!

FORECLOSURE SETTLEMENT SET (According to the LA Times):

·         As part of the settlement with Federal regulators, 13 lenders have begun distributing $3.6 Billion this week – to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010.

·         The maximum of $125,000 is going to be paid to 1,135 borrowers who had their homes seized while they were current in the Military or CURRENT on their payments.

·         Most of the rest will receive the minimum of $300

·         This is a separate agreement from a $26 Billion settlement that the five biggest mortgage servicers reached with the US Justice Dept, HUD and state Attorneys Genenerals

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