Foreclosure Defense Florida

Florida Attorney General Will Send Claim Forms For Mortgage Settlement…..

By September 24, 20125 Comments

bondi-news-release
Forgive me if you find me less than a little bit excited….Floridians that lost their homes will get a few dollars thrown their way….

Attorney General Bondi Announces that Qualified Borrowers Who Lost Homes to Foreclosure May Be Eligible for Payment

TALLAHASSEE, Fla.”ā€¯Attorney General Pam Bondi announced today that claim forms are going out to approximately 167,398 Florida borrowers who lost their home to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 and who may be eligible for payment under the $25 billion national mortgage foreclosure settlement.
Eligible borrowers had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo, the nation’s five largest mortgage servicers that agreed to the settlement with the federal government and attorneys general for 49 states and the District of Columbia.
The settlement, which took effect in April, earmarked approximately $1.5 billion in payments for 2 million borrowers nationwide who lost their homes to foreclosure during that period and had their loan serviced by one of the settling servicers. The exact payment will depend upon the total number of borrowers who decide to participate.
Forms mailed to qualified borrowers, must be returned by January 18
Last week, the national settlement administrator mailed notification postcards to the eligible borrowers nationwide. These postcards will be followed by claim forms being mailed in the coming weeks. In Florida, packets containing a letter from the Attorney General, claim form, instructions and answers to frequently asked questions are being mailed to eligible borrowers now through Oct. 12.
Borrowers should complete their claim forms and return them as soon as possible in the envelope provided, or file them online at www.nationalmortgagesettlement.com. The deadline for all claims is January 18, 2013. Payment checks are expected to be mailed in mid-2013.
FLORIDA ATTORNEY GENERAL

5 Comments

  • woodknotgo says:

    Just wondering what address they will be sending forms to ??
    Will they send to foreclosed property address- vacant homes ?
    Is their mail list of those “Qualified” updated ?
    Does Qualified include those of us with ongoing litigation ??
    I’m infuriated and Bifurcated !!
    this 1.5 Billion will probably go to the same place all the
    CountryWide (Countryfried) & Law Firm (Foreclosure Mills)
    Settlement $$$$ went.
    Bondi says she has helped 23,000 Florida residents-pffffft

    • seriously says:

      Well, as one of those suckers who never got the notice, I can tell you they send mail to only one address, whatever they find on the national change of address database. So to answer your question, NO, their mailing list is NOT updated. And mailing to only one address (with no reply) does not constitute proper outreach IMHO.
      In my case, it was a PO box that forwards mail overseas! I never got the materials. I found out about the settlement on March 1 2013 while reading a blog post, called the settlement folks and was told ” sorry the deadline has passed.” Another person said, it was on TV… didnt you see? Um, no. Believe or not, some of us choose NOT to watch television.
      So full of it, once again they get over on folks. They really expect to reach those hardest hit by foreclosure by mailing ONE address??? I suspect they know exactly what they are doing. It’s not like the banks have not mastered the art of direct marketing or collections.
      How out of touch are the government oversight folks to not question this process??

  • This is great news for people that have been struggling with a foreclosure. I can only hope this kind of support will be spread nation wide and provide some relieve to those hard working Americans that were caught up in the housing crisis.

  • miriam burns says:

    lost properties due to major increases in mortgages with Bk of American, Citi bk and Wells fargo, all properties went into forclosure.Was suppose to help me retire, still working at 71 years old

  • Terri Jones says:

    How will they find them? If they mail it to the foreclosed address, the post office stops forwarding mail after a year. If people don’t get their claims form will there be a big pot of money of unclaimed money and who gets it then? Sounds like the fix is in.

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