Robo-Signing Settlement of $25 Billion Dollar May Provide Relief for Distressed Homeowners in MI

April 6, 2012 - PRLog -- Distressed Homeowners in Grand Rapids, MI may see additional relief from the banks soon. In February, the government signed a historic $25 billion dollar settlement with five major lenders over fraudulent foreclosure practices committed during the height of the housing crisis known as “Robo-Signing.” The settlement, while punishing the banks for the fraudulent foreclosures, apportioned the majority of the money towards helping homeowners who may not have been wronged by the banks but who are currently in danger of losing their homes.
   
“For West Michigan this settlement creates more opportunity than ever before. For people who are in danger of losing their homes to foreclosure, there are now many more options available to them,” says Donna Tashjian, CDPE with Keller Williams

“While the banks certainly needed to be held responsible for their fraudulent practices,” said Tashjian “the vast majority of the foreclosures in this settlement were valid.”  

As a Certified Distressed Property Expert (CDPE), Tashjian has paid special attention to the new options the settlement provides for distressed homeowners. “These opportunities are nothing new,” Tashjian said, “many people who are in danger of losing their home just don’t know options exist. This settlement simply makes these opportunities more abundant.”

A Certified Distressed Property Expert (CDPE) is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners regain peace of mind and a sense of stability for the future.

Tashjian has developed a free report entitled “The Robo-Signing Settlement: How it can help you stay in your home” that is accessible from her website, www. DonnaHelpsHomeowners.INFO

The report provides an overview of all of the details of the settlement and what to do if a homeowner thinks they may be eligible under the terms of the settlement.

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