Principle Reductions on Distressed Mortgages May be on the Way
Relief may be on the way for distressed homeowners in Maricopa Arizona. But don’t hold your breath!
In a recent article posted by DSNews.com, the negotiation talks between the state attorneys general and the nation’s five largest servicers are entering their second year but may be getting close to reaching a deal. The settlement currently on the table would assist about 1 million homeowners in obtaining principal reductions and would provide “direct compensation” to others, according to Reuters.
That being said, a number of Attorney Generals have “left the table” so it remains to be seen if there will be a settlement anytime soon.
Read the entire article here http://bit.ly/xcPJoD
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