REAL ESTATE: $8.5 billion wrongful foreclosure settlement reached

BY DEBRA GRUSZECKI

Ten major mortgage companies, including JPMorgan Chase, Bank of America and Wells Fargo, have agreed to pay $ 8.5 billion to settle federal complaints involving wrongful foreclosure actions against homeowners in 2009 and 2010.

The settlement could put anywhere from a couple hundred dollars to $ 125,000 in the pock…

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