Huge tax bill for homeowners who receive BofA settlement?

Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial Crisis. "This historic resolution – the largest such settlement on record – goes far beyond ‘the cost of doing business,’" said Attorney General Holder.

Arizona homeowners eligible for $6.6 million from HSBC. About 3,335 Arizona consumers are eligible for $6.6 million from a settlement with mortgage firm HSBC over bad foreclosure and loan dealings.

Bank of America 2nd settlement without financials? Quick question for anyone who has successfully settled a Heloc with Bank of America without sending in financials. I havent made a payment on loan of 50k since 11/2011. The loan was charged off in August and i have been following the stradegy for settling 2nd with them.

This question is especially sensitive in the wake of the $16.65-billion toxic loans settlement reached last month by Bank of America and the Justice Department. owners to avoid the possibility of a.

The law, which is one of several ordinances introduced by Council President Pro Tem Mary Sheffield as part of her "People’s Bills," is structured around the city’s Homeowners. End Unconstitutional.

This website provides information on the joint state and federal Settlements involving residential mortgage foreclosures and loan servicing. For information about the settlement for which you may be eligible, begin by locating your Mortgage Servicer – the entity to which you sent your monthly Mortgage Payments up until your foreclosure – from the list below, or clicking on the name of the.

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The settlement required the banks to accomplish a massive undertaking – changing their broken system of servicing loans into one that is functional. The banks reduced the principal on many of their loans – something that they resisted for years – to allow homeowners to keep their homes.

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Our home for bold arguments and big thinkers.. In 2013 the IRS received 74,000 applications for "offers in compromise, Bill now also has a federal tax lien on his house.

Historic Bank Settlement Proves The Right Wing Wrong Bank of America and the Department of Justice are near a 16 to 17 billion dollar settlement, the largest agreement between the government and a single company.

Nearly 17,000 Floridians will receive an excess of $1 billion in relief from the Bank of America (BAC) record settlement with the Department of Justice, which is almost 14% of the total $7 billion.