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Real Estate & Property Law

Homeowner on ‘60 Minutes’ Foreclosure Program Will Get $18M Settlement in Whistle-Blower Case

Posted Mar 13, 2012 11:45 AM CDT
By Martha Neil

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A Florida homeowner and foreclosure fighter who was featured on a 60 Minutes program about the so-called robo-signing scandal concerning improperly attested documents is scheduled to get an $18 million settlement from a whistle-blower case.

The money will come from a $95 million settlement between five of the nation's biggest banks and the South Carolina attorney general, reports the Real Time page of the Palm Beach Post. That pact, in turn, is part of a 40-state, $25 billion settlement.

Calling the amount "surreal," Lynn Szymoniak told the newspaper “I knew it was part of the settlement in February, but not how much.”

The Associated Press and Bloomberg also have stories.

Related coverage:

ABAJournal.com: "How 2 Pro Bono Lawyers Uncovered ‘Robo-Signer,’ Halting Foreclosures in 23 States"

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