Will the settlement money be enough?
Will all those affected by abusive foreclosure practices get enough money to bounce back?
Back to the numbers on this expected settlement with banks over bad foreclosures.
$26 billion is quite a figure, but it may not seem so big when you break it down.
Under the plan, about a million people will owe less on their mortgage. Beyond that, three-quarters of a million people who already lost their house will eventually get a check for about $2,000.
We checked and that does cover moving expenses, kinda, sort of. According to some online cost-of-moving calculators, two grand might just cover the cost of moving a tiny condo across my town in the East.
Moving a three-bedroom house from, say, New Jersey to Wichita costs about four times the settlement money.