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Published on Mar 12, 2011
Here are the highlights of a proposed 27-page settlement agreement dated March 3, 2011 or 3/3/11 between the 50-state Attorneys General and the 5 main banks (BOA, JPMorganChase, Wells Fargo, Citigroup, Ally Financing a/k/a GMAC) to regulate residential forec-losures on a uniform basis throughout the U.S., including non-judicial foreclosures. There are relief provisions for future, present and past foreclosures and sales. Relief is provided for most of the foreclosure evils, including ones you may not have heard about. The banks are unlikely to accept the proposed settlement. You'll probably need an attorney to help you get relief, whether or not the agreement is signed by the banks. The agreement is available at carlper-son.com/agreement.pdf