Friday, January 24, 2014

Foreclosed Homeowners Receiving Big Checks In Florida

More Than 1,700 Floridians to Receive $2.5 Million in National Mortgage Settlement Checks
TALLAHASSEE, Fla. –Attorney General Pam Bondi announced that more than 1,700 Floridians will receive checks totaling more than $2.5 million next week. 

Under the National Mortgage Settlement, which Attorney General Bondi took a leading role in obtaining, eligible claimants will each receive a check in the amount of $1,480. The checks are being sent to claimants who lost their homes to foreclosure and who filed a claim under the National Mortgage Settlement. 

The $2.5 million total value of the distribution is second only to California's and is the latest distribution by the settling banks to eligible foreclosed homeowners. The total distribution to date to foreclosed homeowners in Florida under the settlement is approximately $109.5 million to 74,000 Floridians.

The $25 billion national settlement was announced in 2012 by Attorney General Pam Bondi, 48 states and the U.S. Department of Justice with the five largest mortgage servicers—Bank of America, JP Morgan Chase, Wells Fargo, Citibank, and Ally Bank, formerly GMAC.

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