More Retribution for Your Stolen Home | $840 – California Announces that Qualified Borrowers Who Lost Homes to Foreclosure May Be Eligible for Payment

Some foreclosed homeowners could get at least $840 restitution payment

About 432,600 Californians who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 could receive at least $840 under the national mortgage settlement forged between the nation’s five largest mortgage servicers, federal regulators and 49 state attorneys general.

The settlement administrator has sent postcards to these homeowners notifying them to expect a claim form, which they must fill out and return to be eligible for a payment. To qualify, the mortgage must have been serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo.

In California, the postcard and claim form came from the California Department of Justice/National Settlement Administrator. Claim forms will be mailed between now and Oct. 12.

The settlement set aside about $1.5 billion for payments to compensate borrowers whose loans were serviced by one of the five banks and who lost their homes to foreclosure during the relevant time period. The amount of the payment will depend on how many borrowers return the claim forms. About 1.785 million loans qualify, so if 100 percent of borrowers respond, each would get $840, according to a spokesman for California Attorney General Kamala Harris.

Rest here…

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4closureFraud.org

Comments
5 Responses to “More Retribution for Your Stolen Home | $840 – California Announces that Qualified Borrowers Who Lost Homes to Foreclosure May Be Eligible for Payment”
  1. Lori Krasch says:

    The whole thing is a joke. We got our $500 check last week, for our home that Wells Fargo stole from us in 2010. Retribution my ass. They will never have to pay the piper, and we will never be compensated. In fact we will suffer the effects of their criminal acts for years to come because we wont be able to buy another house thanks to the ruination of our credit by the damn banks!

  2. Brooke Lynn says:

    WHAT ABOUT THOSE OF US THAT LOST THEIR HOMES IN 2012? AS IF THEY STOPPED THE ILLEGAL FORECLOSURES ON 12/31/11, BULLSHIT IN FACT THEY ARE SPEEDING THE PROCESS UP TO SQUEEZE AS MANY HOMES IN AS POSSIBLE BEFORE THE MORATORIUM TAKES EFFECT IN JANUARY 2013. EVERYDAY COUNTLESS PROPERTIES ARE BECOMING BANK OWNED,(FRAUDULENTLY) SO WHERE IS OUR LITTLE $20 TO MAKE UP FOR OUR SINGLE LARGEST INVESTMENT BEING STOLEN AND THE JUDICIAL SYSTEM THAT IS ALLOWING IT?

  3. charley rice says:

    We the people, DID NOT give anyone the power to make any settlement for US, nor did WE sign ANY contract is prima farcie, as Invalid.

  4. rtraci says:

    Justice served repaired credit my life back? Can not put a price on it

  5. Jason Werner says:

    Don’t pay any attention to that.

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