Foreclosure Settlement With Nation’s Largest Banks

State Attorney Generals are threatening the nation’s five largest banks with $17 billion in civil lawsuits if they won’t settle with the AGs over sloppy foreclosure practices. The banks are reportedly only offering $5 billion. If $17 billion seems high, you may be right according the Daniel Indiviglo of the Atlantic who estimates potential damages and concludes that most borrowers whose foreclosure contained a document defect would not receive any money from the settlement because their payout would likely be smaller than their foreclosure deficiency.

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Sikora Law has operations in Michigan and Ohio. With a network of attorney relationships in multiple states, we combine the friendly familiarity of a small firm with the institutional knowledge and capabilities generally only found at a large firm. Sikora Law has the resources to deal with your situation with the right lawyer – or the right team of lawyers – and provide reliable, comprehensive, and responsive legal representation . We combine experience, creativity, and technology to efficiently and effectively protect our clients' interests and meet their goals.
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