How the "Robo-Signing" settlement affects Florida
A settlement has been reached that will provide a total of 25 billion dollars of relief to struggling homeowners. It will be paid by five of the country's biggest banks for improperly handled foreclosures.
Florida is one of the states hardest hit by foreclosures -- and the state where so-called "Robo-Signing" of mortgage documents was discovered. And, Tampa Bay Business Journal Editor Alexis Muellner says Florida is getting a big chunk of the settlement.
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