HMM.....According to the consent decree judgment from 2012, http://www.justice.gov/crt/about/hce/documents/scra_wellsfargo_settle.pdf , a lot of money was agreed to be put into an escrow account for those harmed by certain financial institutions.And do we know of any homeowners who actually got paid OUT of these funds? We have not seen any stats on how many homeowners got paid out of the nationwide Mortgage Settlement (we cannot recall the exact name) but in any event when one applied for it, they send you a card which gives you a case number and in the end they "decide" how much your check would be.
We have seen only one client's check so far, which was about $850. (Eight hundred fifty) And that was a client that had equity in the house taken by Chase or Fannie Mae, probably more than $60k, and where the "servicer" Chase repeatedly ignored the full tender that was paid, and instead kept the owner in perpetual "default" but yet processed and filed a RECISSION in the County Recorder's Office, but then foreclosed anyway. Claiming that "Fannie Mae" owned the property. FM allegedly sold the property just last fall in 2013, which appears to be a continuing harm to us. There is a current lawsuit on that one. We seriously doubt there are many other cases as egregious.
OK, we did find this: http://www.ncsl.org/research/financial-services-and-commerce/national-mortgage-settlement-summary.aspx We show just some of the states but you can see all of them at the link.