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.READ MORE: South Florida Prepping For Approval Of COVID Vaccine For Kids 5 To 11
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.READ MORE: Suspect Wanted For Armed Home Invasion In Critical Condition Following Police-Involved Shooting In SW Miami-Dade
Qualified residents include those who had their mortgage loans serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.
Applications received after January 18th will not be guaranteed payment.MORE NEWS: Centner Academy Reverses Course On 30-Day Quarantine For Vaccinated Students
The News Service of Florida contributed to this report