Do you or someone you know believe you have suffered a wrongful foreclosure that led to losing your home between January 1, 2008 and December 31, 2011? Forty-Nine State Attorneys General and the Federal government recognized the prevalence of this dilemma when they came together and negotiated the National Mortgage Settlement. Heard of “robo-signing”? Were there inexplicable fees racked up on your final bill at the end of the foreclosure? Was “MERS” – the Mortgage Electronic Registration System – the entity that instituted your foreclosure? Payments will be given to borrowers who lost their homes to foreclosure, with the minimum amount anticipated to be $840 and could go up depending on the number of claims approved. The response rate has been less than 50%, so this amount will likely be much more. This is different from the Independent Foreclosure Review - you may be eligible for both.
An online claim form for the National Mortgage Settlement may be filed, and needs to be filed by January 18, 2013. Hurry!
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