Florida Attorney General Pam Bondi announced this week that more than 72,000 Floridians who lost their homes to foreclosure from 2008 to 2011 will receive $1,480 from the record $26 billion mortgage settlement. To be eligible, borrowers must have lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011, suffered certain foreclosure abuses, submitted valid foreclosure claims and had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo.
According to Bondi, every borrower who filed a claim will receive a letter regarding their outcome in the upcoming weeks. Borrowers with questions about their National Mortgage Settlement payment can call the settlement administrator at 1-866-430-8358.
Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified Miami foreclosure defense attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Miami 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 website, www.miamibankruptcy.com.