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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Can A Settlement Be Reached?


A settlement needs to be made amongst the State Attorney Generals and the Major lenders in regards to the illegal foreclosure practices that have been occurring. If a decision is not reached the Attorney General of Illinois and North Carolina are going to sue Bank of America and Chase Bank. The major lenders have a month to make a decision.  The two Attorney General are on the executive committee of attorney generals.