$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California's $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

There goes the foreclosure settlement money. We talked about how Sacramento continued to discuss using most of the money from the $26 million foreclosure settlement to fill the state budget gaps.

According to Kevin Yamamura of the Sac Bee Blog, Democratic lawmakers currently seek to use an additional $50 million from the multi-state foreclosure settlement with banks to help plug California’s $15.7 billion gap, according to Department of Finance spokesman H.D. Palmer. That additional funds brings the total to $392 million out of $410 million available. Democrats’ initial budget last week relied on $342 million.

We heard similar stories about the foreclosure settlement funds in other states that may soon disappear from the homeowners’ pockets to the states coffers as states look to fill their gaps. Too bad that filling those gaps may come at the expense of distressed homeowners.

Read more about the state budget: http://blogs.sacbee.com/capitolalertlatest/2012/06/gov-jerry-brown-democrats-approach-deal-on-welfare-cuts.html#storylink=cpy

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

$50 Million From The Bank Foreclosure Settlement To Help Plug California’s $15.7 Billion Gap

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Filed under Banks, California, Foreclosure

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