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

Real Estate Agent with Kwee Huset Realty

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.



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  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

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Kwee Huset

Kwee Huset Realty - Venice Florida Real Estate

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 10/15/2012 09:55 AM
  2. C. Lloyd McKenzie 10/15/2012 01:45 PM
  3. Charles Stallions Real Estate Services 11/09/2012 11:01 AM
Real Estate General Information
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Posts to Localism
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Kwee, that is interesting information. Glad you are sharing it here!
Oct 15, 2012 05:52 AM #1
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Silvia, there is a time-line for the filing, anyone who meet the requirements, contact their servicer or National Mortgage Settlement Administrator ASAP.  

Oct 15, 2012 06:03 AM #2
Teral McDowell
Referral Patners LLC - Murphy, TX

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.

Oct 15, 2012 07:16 AM #3
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Teral, I thought this was useful enough to pass on.

Oct 15, 2012 08:24 AM #4
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Excellent post and a timely topic.

Have an outstanding week.

Oct 15, 2012 09:51 AM #5
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Thanks Roy.

Oct 15, 2012 09:58 AM #6
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

I am bookmarking this post - I would have definitely thought it was a scam.  Thanks for sharing!

Oct 15, 2012 12:52 PM #7
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Good Evening Kwee,

This is good information for homeowners.  Thanks for sharing it with us

Oct 15, 2012 01:10 PM #8
Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks Kwee, I think California is the only state not participating, correct?

Oct 15, 2012 04:30 PM #9
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Not familiar with this program, but it sounds promising for those wo quaify...Nice way to get this news out!

Oct 15, 2012 11:46 PM #10
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

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.

Oct 18, 2012 12:26 PM #11
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