Banks would reduce mortgage debt as part of federal inquiry settlement

Posted on January 23rd, 2012 by Aidan Truebridge
Filed under Real Estate Consultant | No Comments

About 1 million homeowners could get their mortgages reduced by an average of $20,000 if major lenders agree to settle a government inquiry of improper foreclosure practices. A deal is getting closer, and although a formal announcement is not expected this week a few details are emerging. Full Post…