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Instruction to Jury Regarding Damages for Wrongful Foreclosure Form

Instruction to Jury Regarding Damages for Wrongful Foreclosure Form

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[Music] 4 million borrowers across the United States who may have been wrongfully foreclosed on during 2009 and 2010 can get a share of the $3.6 billion settlement between Federal regulators and 11 banks in New Jersey more than 100,000 people are eligible but most Americans won't get a huge payment the compensation ranges between $300 and $125,000 uh effectively it doesn't come to much compensation at all um for people who lost their homes but it does not mean that those people don't have other legal recourse among the Americans who lost their homes were more than 1,000 military personnel who will likely receive $125,000 the low payments of $300 to 1,000 will typically go to borrowers who weren't offered help by the Banks or were placed into foreclosure even after they asked for help it's certainly not adequate um and I believe that many people would feel that it's it's um it's insulting the settlement represents the bank&

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