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Released: May 03, 2013
Foreclosure compensation checks arrive, but anger some homeowners
Source: Lisa Myers and Rich Gardella, NBC News (MSNBC.com)
Millions of American homeowners who have struggled with foreclosures are now receiving checks for compensation from the companies that serviced their mortgages -- part of the federal government’s efforts to resolve the foreclosure crisis. But some of those receiving checks tell NBC News that the payments are an insult that neither punishes the banks enough for “deficient” practices nor helps harmed homeowners recover.
Karen Pooley, 50, of Seattle, told NBC News that she fell behind on her mortgage after losing her job in the building industry in early 2009, and received a notice of default in February 2010.
Read Full Article: Foreclosure compensation checks arrive, but anger some homeowners
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