Is this a Scam? The answer is No – This Letter Offering Money is Real

You received a letter and claims forms from the National Mortgage Settlement Administrator for financial aid, you think is this a scam? The answer is no – this letter offering money is real.   If you throw it away, you could be throwing away some serious cash.

To find out the details here, and submit your claim form.

gift

 

Distressed borrowers in 49 states may be eligible for a slice of the estimated $25 billion. It is the largest consumer financial protection settlement in USA. The country’s five largest major lenders who participated in this historic joint state – federal settlement, are as follows:

 

 

·   Ally/GMAC: 800-766-4622

·   Bank of America: 877-488-7814

·   Citi: 866-272-4749

·  JPMorgan Chase: 866-372-6901

·   Wells Fargo: 800-288-3212

 

These banks agreed to pay a penalty for the mistakes they made with accusations, abusiveness and carelessness when foreclosing on homes.

 

The following are requirements to qualify:
 
·   Loan went to foreclosure sale between January 1, 2008 and December 31, 2011.

·   The loan was serviced by one of the five mortgage servicers participating in the settlement.

·   The borrower made at least three payments on the loan.

·   The borrower lived in or intended to live in the property at the time of origination of the loan.

·   The property was a one-to-four unit residential property.

·   The unpaid principal balance of the first-lien mortgage loan did not exceed $729,750 for a one-unit property; $934,200 for a two-unit property; $1,129,250 for a three-unit property; or $1,403,400 for a four-unit property.

  

To see who are those State Attorney Generals who signed the Joint State – Federal Mortgage Settlement by state here.

The appointed attorney Joseph A Smith Jr. is the Monitor who will oversee the agreement.

The letter from your state attorney general contains instructions and general information about the process.

For more information visit NationalMortgageSettlement.com  or call 866-430-8358 for any questions.

This is real, however, you still have to be aware that there have been scam attempts related to the settlement. Do not pay anyone to file a claim for you, and do not provide your personal  or financial information to anyone who calls or emails you offer assistance in filing a claim. If you have questions just call the National Mortgage Settlement at 866-430-8358.

   

Is this a Scam? The answer is No - This Letter Offering Money is Real

 

The information is provided as a courtesy by Kwee Huset Realty

 

Kwee-Huset

Kwee Huset

Kwee Huset Realty - Venice Florida Real Estate

Broker/owner, REALTOR®, AHWD, CSP, ESRES, TRC

Call today at 941-716-3090 for results.

info@kweehuset.com   

 

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This post has been included in Florida Real Estate News Sarasota County, FL Real Estate News Venice, FL Real Estate News Pinebrook (Venice, FL) Real Estate News
Post is included in group: Short Sales and Foreclosure Resource
Post is included in group: Realtors®
Post is included in group: Posts to Localism
Post is included in group: Mortgages
Post is included in group: Short Sales and Forclosures ONLY

11 Comments on Is this a Scam? The answer is No - This Letter Offering Money is Real

OCT
15
901,131 Points 19 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master
Kwee, that is interesting information. Glad you are sharing it here!
12:52pm • #1
478,455 Points 4 Featured Posts Outside Blog Called Shot Master

Hi Silvia, there is a time-line for the filing, anyone who meet the requirements, contact their servicer or National Mortgage Settlement Administrator ASAP.  
1:03pm • #2
381,265 Points 8 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

While many people are trying to forget the nightmare of foreclosure they could find some relief in this settlement. I sure hope the information is getting out to the people who need it most. Thanks for sharing, Kwee.
2:16pm • #3
478,455 Points 4 Featured Posts Outside Blog Called Shot Master

Hi Teral, I thought this was useful enough to pass on.
3:24pm • #4
1,439,490 Points 26 Featured Posts Outside Blog Called Shot Master

Excellent post and a timely topic.

Have an outstanding week.
4:51pm • #5
478,455 Points 4 Featured Posts Outside Blog Called Shot Master

Thanks Roy.
4:58pm • #6
476,126 Points 11 Featured Posts Outside Blog Called Shot Master

I am bookmarking this post - I would have definitely thought it was a scam.  Thanks for sharing!
7:52pm • #7
492,313 Points 10 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Good Evening Kwee,

This is good information for homeowners.  Thanks for sharing it with us
8:10pm • #8
793,352 Points 5 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Thanks Kwee, I think California is the only state not participating, correct?
11:30pm • #9
OCT
16
1,108,151 Points 72 Featured Posts


Not familiar with this program, but it sounds promising for those wo quaify...Nice way to get this news out!
6:46am • #10
OCT
18
621,224 Points 1 Featured Post Outside Blog

It is hard to get and really it is IMHO another government hand out. Why not just reset their loans and let them stay there if the government really cared and if people are not making their payments put their butts on the street don't reward them.
7:26pm • #11


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Kwee Huset® Venice Florida Homes For Sale

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