Sunday, March 18, 2012

How This Foreclosure Victim Just Scored An $18 Million Settlement

"Look closely at the paperwork if you ever get foreclosed on. It could pay off," says Alexander Eichler at The Huffington Post. It sure did for Lynn Szymoniak, a struggling homeowner who rose to national prominence by exposing a "robo-signing" scandal in which big banks forged documents to push through thousands of foreclosures. With Szymoniak's help, five banks eventually agreed to a "landmark" $25 billion settlement with the government, which was formally concluded this week. As a whistle-blower in a government investigation, Szymoniak was entitled to a chunk of the settlement — a pretty huge chunk actually, coming out to $18 million.

Read the rest of the article at Business Insider

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