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Bookmark or Share- DealBook: Mortgage Relief Checks Go Out, Only to Bounce
- Wrongful-Foreclosure Compensation For Homeowners Could Be As Low As $500
- Government asks judge to approve landmark settlement over banks’ foreclosure practices
- Bank of America to reduce principal for up to 200,000 homeowners
- U.S. foreclosure deal slowed by infighting: sources
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- What Is Foreclosure? Definition, Process and Next Steps - ZillowWhen a homeowner stops making their agreed-upon monthly mortgage payments, the foreclosure process allows lenders to recover the amount they’re owed by taking ownership of, and selling the mortgaged property.
- The 6 Phases of Foreclosure - InvestopediaForeclosure is the process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership of the property. Although the foreclosure process varies by state,...
- What the foreclosure settlement means for you - CNN BusinessNEW YORK (CNNMoney) -- The $26 billion foreclosure settlement has finally been given the green light, making it possible for roughly two million of the nation's hardest hit borrowers to see a...
- Fact Sheet: Mortgage Servicing Settlement - HUD.govThrough the settlement, a $1.5 billion Borrower Payment Fund will be established to provide cash payments to borrowers whose homes were sold or taken in foreclosure between and including Jan. 1, 2008 and Dec. 31, 2011, and who meet other criteria.
- Independent Foreclosure Review Settlement Frequently Asked QuestionsBorrowers whose primary residence was in foreclosure between the dates of January 1, 2009, and December 31, 2010, with one of the participating servicers will receive a cash payment under the Independent Foreclosure Review settlement.
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