Payments for Improper Bank Foreclosures Are No Undeserved Windfall

Date: Jun 26 2012

Filed under: Real Estate

The Barbiere family goes through foreclosure eviction. Getty ImagesNo one disputes that the housing crash has had huge economic impacts throughout the nation. But once you start talking about evicted homeowners getting cold hard cash, tempers often flare among people who disagree about whether taxpayer dollars are going to the right place.

With a recent announcement from the Federal Reserve and the Office of the Comptroller of the Currency, though, it’s hard to argue that homeowners are getting an unfair windfall. Given what happened to these homeowners, the…

Payments for Improper Bank Foreclosures Are No Undeserved Windfall originally appeared on DailyFinance.com on 2012-06-26T17:05:00Z.

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