According to the New York Times, states have finally negotiated a settlement with large lenders over alleged foreclosure abuses: After months of painstaking talks, government authorities and five of the nation’s biggest banks have agreed to a $26 billion settlement that could provide relief to nearly two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said. It is part of a broad national settlement aimed at halting the housing market’s downward slide and holding the banks accountable for foreclosure abuses. So what does this settlement look like?  From the Wall…
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Unpaid mortgages aren’t the only reason homes are foreclosed on, they can also be foreclosed on for unpaid taxes.  West Allis, Wisconsin was in no hurry to foreclose on a vacant home, leaving a deceased man undiscovered for four years. [Thanks L!] The body of a Wisconsin man was discovered inside his home more than four years after he reportedly killed himself with a handgun. The “nearly skeletonized body” of David Carter was discovered inside his home in January by a real estate agent sent to deliver foreclosure papers to the house. But his actual death is estimated to have…
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