Attorney General, Pam Bondi announced last week that 167,398 Floridians will be receiving applications in the mail for a payout after losing their homes to foreclosure between January 1, 2008 and December 31, 2011. The payout is a result of the $25 billion mortgage foreclosure settlement between 49 states and the five largest lenders in the U.S. Among the many agreements within the settlement, approximately $1.5 billion will go to two million Americans who lost their homes as a result of fraudulent foreclosure practices by lenders.
Borrowers have until January 18, 2013 to send in their applications for the payout. Applying for the payout is easy for those who are eligible. Borrowers simply have to sign the forms mailed to them and submit them by the January 18th deadline date. Borrowers are not required to prove any other financial hardship or give up any lawsuit rights in the future. Florida will be sending out applications until October 12, 2012.
To read more on this story visit: http://www.loansafe.org/florida-ag-pam-bondi-makes-announcement-that-victims-of-foreclosure-may-be-eligible-for-payment
For more information about eligibility visit: www.NationalMortgageSettlement.com
Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Foreclosure defense attorney, Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia, P.A. website at www.miamibankruptcy.com.
