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$25B mortgage settlement is only a start

February 11, 2012 8:10 PM By ELLIS HENICAN ellis@henican.com

Undated file photo of a home in foreclosure.

Photo credit: AP, 2008 | Undated file photo of a home in foreclosure.

Ellis Henican

Newsday columnist Ellis Henican Ellis Henican

Henican is a columnist for Newsday. He also is

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A landmark $25-billion settlement with the nation's top Foreclosure abuses

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Portion of a map showing foreclosure activity on 2011 LI foreclosure filings Jill Zarin, one of the stars of the Real LI Blog

Go get 'em, Eric.

After a ridiculously drawn-out negotiation, the nation's top mortgage servicers have agreed to pay $25 billion in mea-culpa money for their assorted sins in the collapse of the housing market. Checks of up to $2,000 will eventually reach 750,000 people across America who lost their homes to foreclosure between 2008 and 2011.

Which is a nice start -- but clearly only...

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