Albany, NY, Feb 13, 2012 — State Attorney General Eric Schneiderman says the $25 billion national settlement on the foreclosure crisis reached last week is a "down payment," on what he believes banks owe foreclosed homeowners. And he says there's a lot still to do, including civil and criminal prosecutions.
Schneiderman says New York mortgage-holders could see their debt cut by more than $700 million less, under the settlement.
The deal applies to Bank of America, JP Morgan Chase, Wells Fargo, Citibank and Ally Financial. Martha Foley has more. Go to full article
We’ve got to make sure...we get a much more significant package of relief for homeowners when that investigation is concluded.
Albany, NY, Feb 10, 2012 — New York State Attorney General Eric Schneiderman says mortgage-holders in the state could end up owing more than $700 million less, under the terms of a new $25 billion settlement between states and five of the nation's biggest lenders. Nora Flaherty has more: Go to full article
They know there’s contamination and the people who own it have just stopped paying taxes on it and just let it go.
Mar 12, 2009 — The North Country has managed to dodge the worst parts of the home-mortgage crisis that has devastated the country's economy. Foreclosures in this region haven't spiked as they have in other parts of the country. But some real estate experts say the souring economy and the growing number of lay-offs has begun to hit more homeowners. Brian Mann has our story. Go to full article