The dust is beginning to settle after the federal government and 49 states agreed to settle with five banks over allegations of fraudulent foreclosure documents. The deal will pay homeowners who lost their homes some money and will allow people facing foreclosure the opportunity to have the interest or the principal lowered on their mortgages. But how much impact can that make? And will it only speed up the process of getting more homes onto the market, which will push prices even lower?
To find out if your loan is affected by this settlement, the timeline for relief, how you will know if you are eligible, and other information, visit the websites: www.ag.state.nv.us or www.NationalMortgageSettlement.com.
GUESTS
Catherine Cortez Masto, Attorney General, State of Nevada
Paul Kiel, investigative reporter, ProPublica
Tisha Black-Chernine, attorney, Black and LoBello, Attorneys at Law
Michael Joe, attorney, Legal Aid Center of Southern Nevada