Remember that big settlement Banks made to the states to help home
owners under water on their mortgages?
The largest multistate settlement since the Tobacco Settlement in 1998.
http://www.nationalmortgagesettlement.com/ The funds are not going to home owners… Or foreclosure prevention…
Or borrower education… Or Fraud investigation.
Many states are using the money to cover budget shortfalls.
http://www.nytimes.com/2012/05/16/business/states-diverting-mortgage-settleme… Barry Bevis, Broker/Realtor