Help for Nevada residents hurt by the mortgage crisis is on the way. Nevada AG Catherine Cortez-Masto announced a settlement with Bank of America to the tune of $750 million dollars. The money will go to first and second lien principal reduction as well as any short sales in Nevada. Masto is also part of a $25 billion dollar joint federal-state settlement with the nation’s five largest mortgage servicers over foreclosure abuse and servicing practices. “Thousands of Nevada borrowers are eligible under the B of A settlement”, said Masto. There is immediate aid to homeowners and if you feel you have been a victim of fraud you should contact the Attorney General’s office.
LAS VEGAS - NOVEMBER 02: Nevada's Democratic Attorney General Catherine Cortez Masto delivers her acceptance speech after she won re-election at the Nevada State Democratic Party's election results party at the Aria Resort & Casino at CityCenter November 2, 2010 in Las Vegas, Nevada. In one of the nation's most closely watched races, U.S. Senate Majority Leader Harry Reid (D-NV) retained his seat for a fifth term against Sharron Angle, a Tea Party favorite. (Photo by Ethan Miller/Getty Images)Photo by Ethan Miller/Getty Images)