Friday Deadline Looms For Foreclosure Claims

January 17, 2013

Mortgage holders who lost their homes between 2008 and 2012 have until Friday to ensure they will get paid under a $25 billion national settlement with a handful of mortgage lenders. Florida’s cut of the settlement is $170 million.

Florida Attorney General Pam Bondi urged qualified homeowners to meet the deadline or risk not receiving the refunds to which they are entitled.

To date, about 44 percent of qualified homeowners had returned the requisite paperwork. The refunds, to be mailed out later this year will be at least $840 but some payouts are expected to be higher. Applications received after Jan. 18 will not be guaranteed payment. Qualified residents include those who had their mortgage loans serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.

“We want every borrower who may be eligible for a cash payment under the national settlement to submit a claim,” Bondi said in a statement.

Comments

3 Responses to “Friday Deadline Looms For Foreclosure Claims”

  1. few on January 18th, 2013 10:09 am

    Where can the application be found. on what website or what office?

  2. tim august on January 17th, 2013 8:39 pm

    I foreclosed in CA in 2012, after trying to short sell, that didn’t work out! Do i have a opportunity/chance in CA? thanks,
    Tim

  3. Eugenia Cassimus on January 17th, 2013 9:27 am

    How do you get the paperwork to fill out or can it be done online.

Written by William Reynolds · Filed Under News