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Showing posts with label 50-state-foreclosure-settlement. Show all posts
Showing posts with label 50-state-foreclosure-settlement. Show all posts

08 February 2012

Big Banks and Feds Shaft Homeowners On Foreclosure Settlement

Big Bank Money Grab
Big Bank Money Grab (Photo credit: Truthout.org)








From Denny:  The nation's top five Big Banks are pushing hard to avoid millions of lawsuits by outraged homeowners - with yet another skewed settlement heavily in favor of the Big Banks.

Yes, the homeowners already foreclosed and homeowners seeking modified mortgage loans are getting the shaft by their federal and state governments.

It's an election year and these politicians and attorneys are actually foolish enough to sign off on this lousy agreement the average middle class homeowner does not want.  The American public grows more angry by the day at being ignored by national and local leaders as well as nickeled and dimed to death with excessive constant fees from every business quarter, mostly from banking.  If this settlement goes through as analysts are predicting, there will be a ferocious backlash come November.
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