Mortgage Lenders Pressed to Cut Balances for Distressed Owners
The proposal is part of a set of remedies that banks would have to agree to in order to settle the state and federal probes launched last autumn, which found that the largest mortgage firms illegally seized the homes of at least dozens of borrowers and engaged in shoddy practices that short-changed troubled borrowers.
Read the full story at The Huffington Post.
For more on foreclosure and related topics see these AOL Real Estateguides:
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- Foreclosure Help: What a Housing Counselor Can Do
- How to Buy Foreclosures
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