FL Homeowners to Receive Billions in Landmark Settlement
By Jeff Harrington and Mark Puente, Times Staff Writers -- The Tampa Bay Times is reporting that struggling Florida homeowners will receive $8.4 billion through loan modifications, lowered principal and other relief as part of a landmark $25 billion federal-state agreement with five of the country's biggest banks.The settlement announced Thursday includes payments of up to $2,000 to some who have lost their homes through questionable foreclosure practices.
The Obama administration has estimated that up to 1 million homeowners could benefit, roughly a third of them in Florida. Based on the number of delinquent borrowers in Tampa Bay, as many as 100,000 property owners here may get help.
Read more of the article at: http://www.tampabay.com/news/business/banking/florida-homeowners-to-receive-84-billion-in-relief-in-landmark-settlement/1214687
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