Claim Forms From California Mailed out To Foreclosed Homeowners

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Real Estate Agent with Elite Home Sales Team OC BRE# 02066030
https://activerain.com/droplet/LJx

 

Claim Forms From California Mailed out To Foreclosed Homeowners

 

 

The State of California Department of Justice mailed out claim forms to 432,000 to homeowners who had their homes foreclosed between January 1, 2008 and December 31, 2011. The forms serve as a way for them to receive part of the $1.5 billion cash settlement, part of the broader settlement between the 49 state attorneys general and five mortgage servicers. The lenders involved are Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo each have paid into the fund.

 

It is important for the homeowners to fill out the forms so that they get their part of the $1.5 billion. If everyone in California files the result would be about $840 dollars. This settlement does not require the homeowner to prove anything accept that they were foreclosed on between those dates. Nor do the homeowners need to give up their right to sue the banks. The form is mailed to the homeowner.  If you receive  the form you do not need to prove anything you are presorted.

 

The forms will be mailed out on October 12, 2012 The caution for the homeowner is to be on the lookout for fraudulent scammers who might ask for personal information and or money to file for the settlement. The claim form does not require any personal information because that information is already on file. If you are contacted in any way please contact the Attorney General’s office and report them.

 

If you do not get a claim form and believe you a person that should be included please call the following phone number:

 

(866)430-8358

 

There is another program the Independent Foreclosure Review, created by the Federal Review, created by Comptroller of Currency. In this agreement with the Federal Government the federal banking regulatores 14 servicers, including the 5 above in the foreclosure settlement.

 

The maximum amount for wronged homeowners is $125,000. In this program there are some catches.

 

  • Borrowers have to apply, and the deadline is Dec. 31, 2012.
  • The claim form is six pages long.
  • No guarantee of receiving any pay out. You must prove harm

 

To file with them go to:

 

www.Independentforeclosurereview.com

 

 

 

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Rainmaker
512,911
Lisa Wetzel
RE/MAX Realty Affiliates - Carson City, NV
CDPE, SFR carsonvalleyland.com

Marl ... Well ... this is very interesting!  I had no idea!  thans for the great blog bringing this to light!  Great Job!

Nov 19, 2012 12:15 AM #1
Rainmaker
1,016,848
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Time is getting close and the filing is a must don't let it go by without filing.

Nov 19, 2012 12:32 AM #2
Rainmaker
848,717
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Lisa it is important to get out to the public.

Nov 19, 2012 12:59 AM #3
Rainmaker
848,717
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Yes we need more articles on this topic to let the consumer know what is going on.

Nov 19, 2012 01:00 AM #4
Rainmaker
5,374,934
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Very good information for families that might qualify to participate in the settlement proceeds.

Have a very special week and a happy Thanksgiving.

Nov 19, 2012 01:48 AM #5
Rainmaker
848,717
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Roy

Thank you for your comments.  Have a very happy Thanksgiving.

Nov 19, 2012 02:03 AM #6
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