- 10
- February
2012
Georgia will receive $814 million as part of a deal in which the Georgia Attorney General along with those from a majority of other states agreed not to pursue civil actions related to alleged improper handling of documents in some foreclosure proceedings.
In addition to the monetary payments the financial institutions agreed to expedite short sales for properties that are distressed, take additional steps to avoid foreclosures by seeking an alternative recovery of the debt, and increasing the availability of refinancing at lower rates. Mortgages owned by Fannie May and Freddie Mac are not included as part of this settlement.







