Imagine you are a homeowner who has made your mortgage payments on time. Or pretend for a moment that you have been informed you are entitled to relief or promised a modification. Now, imagine that in spite of all that, you receive a foreclosure notice, which the bank follows through on.
That is the reality for the 4 million people the banks wrongfully foreclosed on between 2009-2010. Tuesday, the Office of the Comptroller of the Currency and the Federal Reserve announced the beginning of payments for some of those people whose homes were wrongfully taken from them.That’s coming up tonight on All In.