Florida homeowners get huge chunk of BofA settlement

RealtyTrac reports foreclosure filings rise 3% in January Foreclosure Filings Rise for 26th Straight Month : NPR – Foreclosure Filings Rise for 26th Straight Month Nearly 60 percent more U.S. homes faced foreclosure in February than in the same time last year, a California research firm reported wednesday. february marked the 26th consecutive month with a national year-over-year increase in foreclosure-related filings.US home foreclosures on track for 6-year low – Long Island. – Wear flip flops, get a free smoothie. 2013 Comments Off on US home foreclosures on track for 6-year low.. RealtyTrac said. Foreclosure starts and the number of homes repossessed by banks.

The basic framework of the settlement is straightforward – BofA will pay $8.5 billion to settle the claims. But there is more to it than that. First, the settlement requires court approval. The settlement agreement explains that the Trustee will initiate an "Article 77 proceeding" in order to obtain the necessary approval.