Dane County advocates for struggling homeowners this week generally welcomed the national $25 billion settlement with five of the nation?s biggest mortgage lenders over foreclosure abuses like robo-signing….UW-Madison Professor Morris Davis, academic director of the university’s Graaskamp Center for Real Estate, said he didn’t believe the settlement would help most people who are “deeply underwater” on their mortgages avoid foreclosure.
“But (the aid) could encourage some families that are only marginally underwater to postpone the foreclosure process as long as possible,” he said.
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