TALLAHASSEE (CBSMiami/AP) — Some Floridians who lost their homes to foreclosure will receive a check as part of a national settlement with five major banks.
Florida Attorney General Pam Bondi announced Friday that payments of $1,480 would be paid next week to more than 1,700 Floridians. A total of $2.5 million will be distributed.READ MORE: Residents Bubbling Up With Anger After Sunrise Utilities Department Sends Out Bloated Water Bills
The state had previously announced that payments of $1,480 were paid to approximately 73,000 former homeowners who qualified for assistance under the settlement.READ MORE: Pair Of South Florida Children Who Died A Couple Weeks Apart Have Saved 11 Lives Through Organ Donation
Five lenders negotiated a $25 billion settlement in 2012 to end an investigation into foreclosure abuses.
Florida — which has been hit hard by the foreclosure crisis and the collapse of the housing market — negotiated one of the largest shares in the settlement agreement with Ally Financial, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.MORE NEWS: Extremely Vulnerable To COVID? Complete A Medical Exemption Form & Visit New Federal Site At MDC’s North Campus
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