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Nevada AG Settles Mortgage Settlement

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.

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