For many people across the country, including California residents who recently went through the foreclosure process, they may be getting some unexpected help soon. The debt relief comes in the form of a payment because of the fraud the banks committed when attempting to foreclose on homes back in 2009 through 2010.
For many Chattanooga residents, their worst fear is to lose their home. However, trying to seek debt relief from the bank in order to avoid losing the home can often be an incredibly difficult process; it seems that many people are now facing the same problem.
When most people hear that there are massive bank settlements for billions of dollars, typically, they don't think they are going to benefit in anyway. However, in the case of one settlement, debt relief may be coming to millions of home owners sooner than they think.
As many Chattanooga, Tennessee, residents know, the past few years have not been an easy time for those trying to pay off a mortgage. Debt relief by way of additional income has come rarely, as consumers and homeowners have been facing financial challenges, and it seems like the banks who loan these people money have been largely unable or unwilling to help a distressed borrower.