Legal Blog

Have you lost your home to foreclosure?

If you are one of the thousands of borrowers who lostyour home to foreclosure from January 1, 2008 to December 31, 2011, please besure that you carefully review your mail. The State of Florida is mailing claimforms to borrowers who had a mortgage with Ally/GMAC, Bank of America, Citi,JPMorgan Chase, and Wells Fargo. Borrowers will have until January 18, 2013 tosubmit a claim and be eligible for compensation pursuant to the $25 billionnational mortgage settlement with the five major banks, of which Florida willreceive approximately $8.4 billion.

It is estimated that about $170million will be available for cash payments to Florida borrowers who lost theirhomes. Payment checks are expected to be mailed in mid-2013. You may fill outthe claim form online http://www.nationalmortgagesettlement.comor contact the settlement administrator, toll-free, at 1-866-430-8358, or send questions by email to administrator@nationalmortgagesettlement.com.

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