Mortgage settlement notices mailed to Alabamians - ABC 33/40 - Birmingham News, Weather, Sports

Mortgage settlement notices mailed to Alabamians

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Attorney General Luther Strange says claim forms are being mailed to approximately 29,031 borrowers who lost their houses to foreclosure between January 1, 2008 and December 31, 2011. Qualified borrowers may be eligible for payment under the $25 billion national mortgage foreclosure settlement. The forms are being mailed Monday, September 24, 2012 and continuing through October 12, 2012.

Eligible borrowers had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo, the nation's five largest mortgage servicers that agreed to the settlement with the federal government and attorneys general for 49 states and the District of Columbia.

If you receive a claim form, it must be returned by January 18.

Free claim form assistance available

Borrowers who have questions or need help filing their claim can contact the settlement administrator, toll-free, at 1-866-430-8358, or send questions by email to administrator@nationalmortgagesettlement.com. The information line will be staffed Monday through Friday from (7 a.m. to 7 p.m. Central). 

Payment won't stop other legal claims

Attorney General Strange said eligible borrowers do not need to prove financial harm to receive a payment, nor do they give up their rights to pursue a lawsuit against their mortgage servicer or to participate in the Independent Foreclosure Review Process being conducted by federal bank regulators. More information about that program is available at www.independentforclosurereview.com.

Eligible borrowers may get a payment from this settlement even if they participate in another foreclosure claims process. However, any payment received may reduce payments borrowers may be eligible to receive in any other foreclosure claim process or legal proceeding.

Eligible borrowers not notified should contact settlement administrator

Borrowers who believe they may qualify for a payment, but did not receive a notice because they have moved, should contact the settlement administrator directly to provide that information:

Call toll-free: 1-866-430-8358.  The information line will be staffed Monday through Friday from (7 a.m. to 7 p.m. Central).  Email: administrator@nationalmortgagesettlement.com

Beware of scams

Borrowers do not need to pay anyone to file their claim. Attorney General Strange warns all homeowners to be aware of settlement-related scams.  Do not provide personal information or pay money to anyone who calls or emails you claiming that they are providing settlement-related assistance.  If you believe someone is conducting a settlement-related scam, contact the Alabama Attorney General's Office at 1-800-392-5658.

For more information about eligibility and filing a claim:www.NationalMortgageSettlement.com

Email: administrator@nationalmortgagesettlement.com

Call toll-free: 1-866-430-8358 (hearing impaired: 1-866-494-8281). The information line will be staffed Monday through Friday from (7 a.m. to 7 p.m. Central). 

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