wave3.com-Louisville News, Weather & SportsKentucky among 49 states reaching foreclosure abuse settlement with banks

Kentucky among 49 states reaching foreclosure abuse settlement with banks

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By Heather Smith - email

FRANKFORT, KY (WAVE) - Kentucky Attorney Jack Conway has announced that the Commonwealth in one of the 49 states that will participate in a national foreclosure settlement that was brokered by the Obama administration.

In one of the larges out of court settlement ever, five of the nation's biggest banks agreed to pay $25 billion to victims of home foreclosure abuses.

Officials say the banks will have 3 years to fulfill the terms of the deal.

Oklahoma is the only state that was not included in the deal and will receive no money.

Click here to see if you qualify for money.

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