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AG Van Hollen Announces Mortgage Settlement

01 Oct News

Attorney General JB Van Hollen has announced that the more than 26,000 residents who lost their homes to foreclosures between 2008 and 2011 will receive important information on how to file a claim for payment under the national mortgage settlement.

To be eligible residents must have had mortgages serviced by Bank of America, Citi, Wells Fargo, JP Morgan Chase or Ally/GMAC. The exact amount of payments will depend on the number who file a claim.

Van Hollen encourages every eligible citizen to file a claim. In Wisconsin the notifications packets were mailed beginning last week, through next week. The deadline for claims in January 18 and checks are expected to be mailed in the middle of next year.

The DOJ does warn of potential scams. Van Hollen says you do not need to pay anyone to file the claim. Concerns of a potential scam can by directed to the DOJ Consumer Protection Hotline.