Originated From
AOL Search

How much money will I get from the 8.5 billion settlement?

Liked this question? Tell your friends about it

2 Answers

Order by
Oldest to Newest
Newest to Oldest
Votes

From the news story http://money.cnn.com/2013/01/07/news/economy/new-foreclosure-settlement/index.html :

Roughly 3.8 million borrowers whose homes were in foreclosure in 2009 and 2010 will receive cash compensation under the settlement, with payments ranging from a few hundred dollars to potentially as much as $125,000 in a small percentage of cases. Those eligible are expected to be contacted by the end of March, regulators said.

In addition, any struggling borrower whose mortgage is serviced by one of the 10 banks in the settlement is eligible to benefit from the $5.2 billion non-cash portion of the deal, for example through a loan modification.

After taxes about $13.53

If a little knowledge is a dangerous thing, then that makes me a burning truck filled with TNT hurtling through a rocket fuel depot.

More Questions

How much is 5% of $25,000.00?

3 ways to get to the answer: 1. $25,000.00*5/100= $1,250.00 2. As 5% = 0.05 $25,000.00*0.05 = $1,250.00 3. Do it in your head: 10% of $25,000.00 is $2,500.00 (you shift the decimal point one place to the left). That is 10%..... 5% is half of it, that means: $1,250.00

How much money in savings before looseing social security?

Social Security is given even if you have millions or billions in assets. There are 50 million seniors who would object if you tried to take it away, because they paid Social Security tax for at least 10 years, and many paid for 30 or 40 years. SSDI (disability) and SSI (low income) are different ...

EB5 Visa

EB-5 Visa provides a method of obtaining a green card for foreign nationals who invest money in the United States.To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a "Targeted Employment Area" - high unemployment or rural area), creating or preserving at least 10 jobs ...

1099's in a settlement

Yes. How you report it depends on what it was a settlement for. If it was medical, you don't have to report it. For anything else, you would report it as other income and then take the amount you paid to the attorney as miscellaneous deduction on Schedule A. You cannot just report the net ...