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Loan Modification

: Mortgage Lender Implode-o-Meter

BP to pay out $60m to Gulf Coast real estate associations

By Implode-Explode Heavy Industries

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Five state real estate associations along the Gulf Coast will receive a total of $60m from BP for damages related to the Deepwater Horizon oil spill.

The states to receive the funds are Louisiana, Florida, Alabama, Mississippi and Texas. Representatives from these five associations have been negotiating with Kenneth Feinberg, administrator of the new Gulf Coast Claims Facility (GCCF) handling the BP oil spill fund.

Full post as published by Mortgage Lender Implode-o-Meter on August 24, 2010 (boomark / email).

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