Transcripts for CNN Your Money 20131026 18:22:00 : vimarsana

CNN Your Money October 26, 2013 18:22:00

the federal government accused 13 banks, including bank of america with unsound foreclosure practices in 2009 and '10. the bank's admitted no wrong doing but paid $3.6 billion in settlement money. the sarinas' cut, $2,000. >> now hear this, bank of america made the sarinas made a verbal offer of $100,000 in an effort to make things right in a fair way they say. but they tell cnn that $100,000 is not a fair settlement. and, christine, here's their wish list -- or the majority of their wishlist. mortgage-free five bedroom, three bathroom home in the pontchartrain park subdivision in new orleans where they live and also a monetary for $750,000 for the five members. >> sounds like a reasonable way for bank of america to get out of a bad and sticky situation that bank of america made a terrible mistake and hurt this family. we'll keep up to date with what

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