On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Real Estate Law on Mar 14, 2012.
Our Philadelphia readers have likely heard by now about the recent settlement agreement between the U.S. Department of Justice, the U.S. Department of Housing and Urban Development, and state governments over alleged foreclosure abuse. The agreement, which was reached last month, is still in the process of receiving approval. If it is approved, certain homeowners may be able to receive compensation, reduction in their principal, or refinancing of their loans.