We wanted to share this site with our fellow Washington State Homeowners that was recently finalized. The National Mortgage Settlement site is packed with great information and resources for Washington State Homeowners and distressed borrowers. Here is a brief excerpt of the National Mortgage Settlement site that can help you see if you or someone you know are in line for some relief.

National Mortgage Settlement

The settlement will provide as much as $25 billion in relief to distressed borrowers and direct payments to states and the federal government. It’s the largest multistate settlement since the Tobacco Settlement in 1998.

The agreement settles state and federal investigations finding that the country’s five largest loan servicers routinely signed foreclosure related documents outside the presence of a notary public and without really knowing whether the facts they contained were correct.  Both of these practices violate the law.  The settlement provides benefits to borrowers whose loans are owned by the settling banks as well as to many of the borrowers whose loans they service Read more…

If you have any additional questions about this settlement or how we can introduce you to some of the right people to help you navigate this site, please call us at 425-678-8608.Happy Washington State Homeowners

 

 

One Response to National Mortgage Settlement: Federal Government & Attorneys General reach landmark settlement with major banks

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