Port Orange Real Estate : Foreclosure Settlement Approved !!

The $26B Foreclosure Settlement over Foreclosure Errors that was announced over a month ago, has finally been approved by a Federal Judge.
What does this mean for you?

The settlement includes: guidelines for banks in compensating homeowners who may have been wrongfully foreclosed upon, mortgage modifications for delinquent borrowers ( including principal reductions), refinancing mortgages for borrowers who are current on their payments, compensation to borrowers who lost their homes to foreclosure ( with errors in process ), paying federal and state fines, stricter standards in foreclosure processing.

The Banks that abide by the terms of the Settlement will also avoid future Fines related to Foreclosures from this time period.

If you think you may be eligible for any of these programs or compensations, contact your Bank.

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Source: “Court Approves $26 Billion Foreclosure Settlement,” CNNMoney