July 2012 Archives

Foreclosures Resuming Again in Wake of Mortgage Settlement

The record $25 billion settlement approved in April between mortgage lenders and attorneys general from 49 states brought hope to many people with non-federal backed mortgages. Unfortunately, it also left many middle to low income people still tied to Fannie Mae and Freddie Mae in the lurch. What may be even more troubling, many mortgage lenders are speedily resuming the foreclosure process.

Prescott Pearson & Tande, PA
443 Old Highway 8 Northwest, Suite 208
New Brighton, MN 55112

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