#foreclosure settlement

Big banks abusing 2012 settlement deal: Weak oversight means banks can get away with foreclosing on homeowners in middle of negotiations

Politico: The nation’s largest mortgage lenders are violating the terms of a punitive 2012 settlement that was meant to prevent unfair and unnecessary foreclosures that destroyed communities and pushed working families from their homes. Interviews by POLITICO with more than 20 housing counselors, Legal Aid lawyers and government prosecutors in states hard hit by the real estate crisis that…

And this is another example on why the big banks are too big to fail and need to be broken up. Vermont will be paid $1.25 million by the Bank of Canada after the big bank failed to comply with state foreclosure laws. “There were mediation attempts and agreements reached and for some reason, one way or another, one part of Bank of America didn’t know what other parts of Bank of America were…

CONTACT: Bill Sorrell, Attorney General, (802) 828-3171 July 10, 2015 Vermont Attorney General William H. Sorrell announced today that Bank of America will pay the State $1.25 million to resolve the State’s claim that the bank failed to honor the terms of settlement agreements it entered into with homeowners in foreclosure actions. “Homeowners faced with foreclosure need to know that when their…

LOGAN – Senior United States Senator for Ohio, Sherrod Brown (D) hosted a conference call on Wednesday to discuss a record setting $16 billion settlement from Bank of America.

“It’s been some six years since the financial crises wreaked terrible damage on homeowners and investors in our state and across the country,” said Brown. “We made progress, we know though that the economy can’t fully…

Ten Pitchforks

Yeah, sure, you are only getting $500 for being foreclosed on even though the bank approved your loan mod. Hey, you know, the banks mess up sometimes! And sure, the consultant who reviewed your file & your tale of heartbreak made $10,000. 

Nearly Four Months Rent in Alaska

If you are being illegally foreclosed on FOR NO REASON (you are not even in default), the @USOCC will make the banks pay you $5000 for this illegal foreclosure.