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Deadline Looms For Foreclosure Claims

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Two foreclosure clinics aim to help struggling homeowners. (Source: CBS4)

Two foreclosure clinics aim to help struggling homeowners. (Source: CBS4)

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cheap eats 300x225aa Deadline Looms For Foreclosure Claims

TALLAHASSEE (CBSMiami/NSF) – Floridians who lost their homes between 2008 and 2012 have until Friday to register for their share of 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.

“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.

To date, about 44 percent of qualified homeowners have 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.

Qualified residents include those who had their mortgage loans serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.

For more information go to NationalMortgageSettlement.com or email administrator@nationalmortgagesettlement.com

Applications received after January 18th will not be guaranteed payment.

The News Service of Florida contributed to this report

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