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Foreclosed Florida Homeowners May Get $2,000 Checks

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The National Mortgage Settlement Administrator will mail Notice Letter and Claim Forms in late September through early October 2012 to those borrowers who lost their home due to foreclosure between January 1, 2008 and December 31, 2011.

Qualifying loans were serviced by one of the five mortgage servicers that are parties to the settlement:

  • Ally/GMAC
  • Bank of America
  • Citi
  • JPMorgan Chase
  • Wells Fargo

Some 167,398 Floridians who lost homes to foreclosure may each get about $2,000 as part of the nation’s largest consumer financial protection settlement, according to a Sun Sentinel article titled “Thousands of South Floridians to get about $2K after losing homes to foreclosure.”

Qualifying homeowners who receive a “notice letter” must file a claim form online or by mail no later than January 18, 2013. You must have your personalized claimant ID number, which is located on the Notice Letter and Claim Form you will receive by mail, to submit your Claim Form online. Instructions are available online at the
National Mortgage Settlement Claim Filing Site.

Fort Lauderdale Foreclosure Defense Attorney

Choosing the best approach to protecting yourself and your family from a mortgage foreclosure involves many legal considerations. Contact Fort Lauderdale mortgage foreclosure attorney Marcy Resnik to discuss how you can defend your legal rights in a foreclosure. You can contact Ms. Resnik online or call her at 954-321-0176.

 

National Mortgage Settlement Claim Deadline is Friday

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Florida homeowners who lost their home to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 and had their mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo may qualify for financial compensation under the $25 billion National Mortgage Settlement. The filing deadline is this Friday, January 18, 2013.

Florida Attorney General Pam Bondi’s office is making outbound calls to reach Florida borrowers who may be eligible for cash payments under the national mortgage settlement.

“We want every borrower who may be eligible for a cash payment under the national settlement to submit a claim. Currently, approximately forty-four percent of the people to whom claim forms have been mailed have submitted their claims,” stated Attorney General Pam Bondi.

The National Mortgage Settlement Administrator mailed Notice Letters and Claim Forms in late September through early October 2012 to those borrowers who lost their home due to foreclosure between January 1, 2008 and December 31, 2011 and whose loans were serviced by one of the five mortgage servicers mentioned above.

Forms must be completed and returned by Jan. 18, 2013, in the envelope provided, or they can be filed online at NationalMortgageSettlement.com. Claims received after January 18th may be considered, but payment to those claimants is not guaranteed.

Payment checks are expected to be mailed in mid-2013. The amount of the payment will be the same for all claimants and depends on the number of eligible claims received. Payments will be a minimum of $840, but higher payments to each eligible consumer are expected.

This $25 billion settlement between the nation’s five largest mortgage servicers and the federal government and 49 states and the District of Columbia, earmarked approximately $1.5 billion in payments for 2 million borrowers nationwide.

In Florida, approximately $170 million is available for cash payments to Florida borrowers. All available funds will be distributed to those who file claims; none of this money will be returned to the banks or used by the states for any other purpose.

More information about eligibility and filing a claim is available at the National Mortgage Settlement website, or via email to administrator@nationalmortgagesettlement.com. You can also call toll-free: 1-866-430-8358 (hearing impaired: 1-866-494-8281). The line is staffed Monday through Friday from (7 a.m. to 7 p.m. Central).

Fort Lauderdale Foreclosure Defense Attorney

Choosing the best approach to protecting yourself and your family from a mortgage foreclosure involves many legal considerations. Contact Fort Lauderdale mortgage foreclosure attorney Marcy Resnik to discuss how you can defend your legal rights in a foreclosure. You can contact Ms. Resnik online or call her at 954-321-0176.