By now, most people have heard the term "robo signing", and also are aware that this practice has been widely challenged as a contributing factor to the current foreclosure woes.
Recently a settlement agreement was reached to assist homeowners who obtained a mortage with certain lenders. The agreement has been approved in 49 states.
You can read more about it: "Robo-Signing" Agreement Assists Homeowners
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2 comments:
Chris Adams
Thanks for this great update. "Robo-signing" is indeed a great help for loaners. This will not just help them with their mortgages but also secure them of their properties.
I've been interested on this agreement though!
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