In relation to the $25 billion settlement over foreclosure abuses, it has been reported that Alabama will get $106.7 million of that. But what does the sum mean to people who are upside down on their mortgage? How far is the settlement going to stretch? The Birmingham movers want to help you figure it out!

Alabama borrowers (who qualify) will get an average of about $15,000. But it won’t necessarily be cut as a check–some of the payout will be in other forms, such as unemployment forbearance.

The effects could be great or damaging: as the payouts remove homes from bank databases, there will be more leeway for increasing home prices that are up for current mortgages. The Birmingham movers will be here to help navigate this as new developments come to light.