Fund in works for victims of foreclosure mess (WaPo)

By Ariana Eunjung Cha and Brady Dennis
Washington Post Staff Writers
Wednesday, November 17, 2010

State attorneys general and the country's biggest lenders are negotiating to create a nationwide fund to compensate borrowers who can prove they lost their home in an improper foreclosure, state and industry officials said.

The fund would present a solution for both sides, helping banks avoid lengthy and costly court challenges from homeowners and aiding state investigators in their efforts to seek relief for homeowners who were wronged, the officials said.

Discussions are continuing over the size of the fund, who would administer it and what kind of proof homeowners would have to present to get access to the money. But there is a consensus between the lenders and state officials that some sort of financial remedy is necessary to avoid the turmoil that could result from homeowner challenges ... http://www.washingtonpost.com/wp-dyn/content/article/2010/11/16/AR2010111607002.html

This sounds like an effin cop-out to take the SOBs off the hook legally when they fraudulently foreclose -- and I suspect we ought to be fighting back

victims are paid off and the people responsible are not held accountable