Homeowners get screwed while Florida AG, legislature arguing over foreclosure funds

TALLAHASSEE — Florida is ranked No. 1 in the nation for the number of homes in foreclosures and the number of people on the verge of losing their homes.

But the Sunshine State is last in the nation when it comes to using the billions of dollars in available housing aid from a national mortgage settlement, according to a report released Thursday.Six months after the nation’s largest banks signed a $25 billion mortgage settlement in the wake of the robo-signing scandal, Florida and Texas are the only states that have not outlined a plan for how to use their share.

About $300 million is sitting in an escrow account. Attorney General Pam Bondi and the Florida Legislature are haggling over who is legally entitled to spend the money.
Read more here: http://www.bradenton.com/2012/10/21/4246825/ag-legislature-arguing-over-forclosure.html#storylink=cpy

2 responses to “Homeowners get screwed while Florida AG, legislature arguing over foreclosure funds

  1. It’s nothing to get your feathers ruffled about… Hawaii homeowner’s got offered $850 – yeah, only $850 for all of the robosigning fraud that robbed them of their homes. Find an attorney for foreclosure defense for $850. The taxes and deficiencies alone make that a worthless offering. Maybe its enough to file bankruptcy Pro Se.

    The settlement sucked then and it sucks now. It was merely a payoff for the states that gambled away their pension trust funds on Wall Street so they could somewhat balance their books.

    • Wow, Hawaii homeowners got only $850.00 offer? What a shame. That small amount just as well as $2000 stated in the AG settlement will never mend the wounds that homeowners suffered in the hands of the banksters. By the way, I live in California so I don’t know yet what the homeowners will get from the settlement.

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