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
Tallahassee is not a typical South Florida retirement town. But a
recent study rated Tallahassee the number one Baby Boomer retirement
city in America!
Tallahassee’s strengths were a warm climate, great health care, low
taxes, affordable housing, and great recreational opportunities.
Our lucky combination of being a university town and capital city
helped us make it into the top spot.
It is going to be interesting to see how this changes our demographics
over the next ten years. A link to the story at the Tallahassee Democrat
Or a free link on Yahoo Finance
http://finance.yahoo.com/news/washington-economics-group-picks-tallahassee-19… Here is the full report!
Barry Bevis, Broker/Realtor
Do you think those of us who have been paying our mortgages on time will see a dime of this money? Have our balance reduced or our Rate lowered? Way to reward the people paying for this mess. http://www.usatoday.com/money/economy/housing/story/2012-03-12/mortgage-settl…
Barry Bevis, Broker/Owner
The North Carolina Attorney General’s Office reported Monday that they get more complaints about lenders than any other business.