Payday for Homeowners wrongfully Foreclosed upon

 

 

Marquis McCrimmon, Realtor®, Certified Distressed Property Expert, Internet Marketing Specialist. We know this market! Our team is Knowledgeable, Experienced and Technology savvy. We offer Buyers & Sellers a Free Market analysis of their neighborhoods. If you’re considering selling your home or looking to purchase call Marquis McCrimmon w/EXIT Bennett Realty today 202-498-7222

 

It appears the time for banks to pay up is here.  Ten major banks and some mortgage companies were ordered Monday to pay $8.5 billion to settle federal complaints from homeowners wrongfully foreclosed on and forced to vacant their homes.  Some notable banks required to repay billions include JP Morgan, Chase, Bank of America and Wells Fargo, ending a two year review process of foreclosure files that was required under a 2011 enforcement action.  Major banks, such as the ones mentioned above have been under a lot of scrutiny in recent years so these latest accusations are of no surprise to many.

 

SEARCH PRINCE GEORGES COUNTY MD FORECLOSURES

 

Homeowners could receive anywhere from $1,000 up to $125,000 in dollars lost due to wrongful foreclosure.  The review was first put into effect because banks mishandled people’s paperwork and bypassed required steps in the foreclosure process.  When all is said and done, up to 400,000 people could receive payments from the settlement

 

 

 

 

Marquis McCrimmon, Realtor®, Certified Distressed Property Expert, Internet Marketing Specialist. We know this market! Our team is Knowledgeable, Confident and Technology savvy. We offer Buyers & Sellers a Free Market analysis of their neighborhoods. If you’re considering selling your home or looking to purchase call Marquis McCrimmon w/EXIT Bennett Realty today 202-498-7222.