PENDING FORECLOSURE ABUSE SETTLEMENTS
Four banks are still in Negotiations for foreclosure settlements.
The goal is the get money to the people (homeowners) quickly which will in fact help speed recovery according to Comptroller of the Currency Thomas Curry.
It is stated that homeowners that requested Independent Foreclosure Review will get more than those who didn't but you will get compensation if you missed the deadline.
The 4 Banks in Negotiations are:
HSBC
Ally Financial
EverBank
One West
ALL are still in negotiations, according to the OCC.
This is all great news our hope is the banks will NOW do their best to help ALL homeowners and make certain file processing is taken serious. While they maybe overworked and overwhelmed this can not hinder their ability to provide the BEST solution to homeowners and go above and beyond to implement and programs available for home retention.
I agree with Alys Cohen, a staff attorney for the National Consumer Law Center this is a step in the right direction despite the flaws in the agreement. We at Helping Families LLC believe the recognition and remedy of a problem hopefully will change processes for ALL banks.
For foreclosure help Call 888-879-3207 or click here: SAVE MY HOME
Showing posts with label HSBC. Show all posts
Showing posts with label HSBC. Show all posts
Tuesday, January 8, 2013
Foreclosure Abuse=Payout
FORECLOSURE ABUSE = PAYOUT UPDATE
Great news even if you were in foreclosure in 2009-2010 and STILL HAVE your home according to recent news and settlement if you have one of the lender(s) named in the settlement you will be getting cash.
$25 Billion dollar settlement includes many of the big banks due to legacy claims. Attempts to make payment arrangements have been both mentally/physical draining according to homeowners we have spoke with. Because some of the home servicing companies/lenders DID NOT follow the guidelines in place to HELP the homeowners the settlement was successful.
There are provisions made to help homeowners stay in the home at times, however timelines to close a files apparently were more important than helping homeowners keep their homes. While the pay-out is not a remedy and for those homeowners with no price could really remedy having leave your most valued asset and the stress. If you have been a victim there is a small reward in receiving compensation that will make 2013 a little brighter.
Average payouts per homeowners according to the news reports are believed to be $2,237.00, but will vary widely and was stated $1,000 to $125,000.00 Many advocates say the settlement is not enough for the HARM caused. The results of from not helping homeowners for some are depleted 401K and bank accounts from homeowners attempt for home retention.
Please note this is a separate settlement from the $25B in 49 States for the 5 banks.
Drum Roll please and the list of banks including in the settlement are:
Bank of America
J P Morgan Chase over WaMu
Well's Fargo
Citigroup (C)
MetLife Bank (MET)
PNC Financial Services (PNC)
Sovereign
SunTrust (STI)
U.S. Bank (USB)
Aurora
GMAC Mortgage
HSBC (HBC)
EMC (EMC)
Happy 2013! If you know someone in foreclosure or behind in payments and denied a modification call us today at 888-879-3207 Nationwide Help to help you stay in your home.
PLEASE UPDATE YOUR ADDRESS to receive compensation from your lender if you believe you are eligible. Many homeowners have moved and should make certain they have a forwarding address from their old address on file with your local Post Office.
Read more here!COMPENSATION.
Great news even if you were in foreclosure in 2009-2010 and STILL HAVE your home according to recent news and settlement if you have one of the lender(s) named in the settlement you will be getting cash.
$25 Billion dollar settlement includes many of the big banks due to legacy claims. Attempts to make payment arrangements have been both mentally/physical draining according to homeowners we have spoke with. Because some of the home servicing companies/lenders DID NOT follow the guidelines in place to HELP the homeowners the settlement was successful.
There are provisions made to help homeowners stay in the home at times, however timelines to close a files apparently were more important than helping homeowners keep their homes. While the pay-out is not a remedy and for those homeowners with no price could really remedy having leave your most valued asset and the stress. If you have been a victim there is a small reward in receiving compensation that will make 2013 a little brighter.
Average payouts per homeowners according to the news reports are believed to be $2,237.00, but will vary widely and was stated $1,000 to $125,000.00 Many advocates say the settlement is not enough for the HARM caused. The results of from not helping homeowners for some are depleted 401K and bank accounts from homeowners attempt for home retention.
Please note this is a separate settlement from the $25B in 49 States for the 5 banks.
Drum Roll please and the list of banks including in the settlement are:
Bank of America
J P Morgan Chase over WaMu
Well's Fargo
Citigroup (C)
MetLife Bank (MET)
PNC Financial Services (PNC)
Sovereign
SunTrust (STI)
U.S. Bank (USB)
Aurora
GMAC Mortgage
HSBC (HBC)
EMC (EMC)
Happy 2013! If you know someone in foreclosure or behind in payments and denied a modification call us today at 888-879-3207 Nationwide Help to help you stay in your home.
PLEASE UPDATE YOUR ADDRESS to receive compensation from your lender if you believe you are eligible. Many homeowners have moved and should make certain they have a forwarding address from their old address on file with your local Post Office.
Read more here!COMPENSATION.
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