I must have missed that part of the Obama press conference…and Bondi didn’t mention that in her press release…no one mentioned that the inked deal means MORE FORECLOSURES…..The Headline:
Deal Will Spur More Home Seizures:
The $25 billion settlement with banks over foreclosure abuses may trigger a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely.
Lenders slowed the pace of foreclosures as they negotiated with attorneys general in all 50 states for more than a year over allegations of faulty and fraudulent paperwork used to repossess homes. With today’s agreement, banks are likely to resume property seizures.