Update by user Feb 02, 2012
1/18/2012 WASHINGTON (AP) -- A $25 billion settlement between the nation\'s major banks and U.S. states over deceptive foreclosure practices during the housing crisis is nearing completion.
Five major banks â€” Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial (formerly GMAC) â€” and U.S. states are \"very close,\" Housing and Urban Development Secretary Shaun Donovan said Wednesday.
Separately, two officials briefed on internal discussions say a proposed deal could be announced within weeks. Negotiators are finalizing a draft of the agreement, which must be reviewed by state attorneys general. Under the deal, banks would pay states and the federal government, which would fund programs to compensate homeowners.
The two officials asked to remain anonymous because they were not authorized to speak publicly about the deal.
Talks have been dragging on for more than a year between major U.S. banks and state attorneys general over fraudulent foreclosure practices that drove millions of Americans from their homes during the housing crisis.
Original review posted by user Feb 02, 2012
ASC deceives, lies, asks for documents over and over and over, loses them (?), stalls customers, delays modification process, keeps your money and doesn't credit your account, etc, etc, etc.... The attorney I hired months ago has done his homework and is now ready to go after ASC/WF.
Let's get behind him and give him the proof he needs to do a job on them. SEND YOUR EMAIL AND DETAILS OF ABUSE TO: firstname.lastname@example.org and I will forward them on to the legal firm.
If you have notes, documents, communications (letters, emails, etc.) please get them organized into a file for the attorney.
I'm not just blowing off steam or blogging a complaint; I'm ready to tackle these thieves and hope you're as ready as I am. How many more families are we going to allow them to harm?
Product or Service Mentioned: Wells Fargo Loan.
Monetary Loss: $500.