In February of 2012, the federal government along with 49 state attorney generals reached a settlement with the five largest mortgage services in the United States: Ally/GMAX, Bank of America, Citi, JPMorgan Chase and Wells Fargo.
The settlement resulted in $25 billion for:
- “Relief to distressed borrowers in the states who signed on to the settlement; and”
- “Direct payments to signing states and the federal government.”
You may be able to benefit from the biggest consumer financial protection settlement in the history of the U.S.
According to the findings, “the country’s five largest mortgage servicers routinely signed foreclosure related documents outside the presence of a notary public and without really knowing whether the facts they contained were correct. Both of these practices violate the law.”
The exact documents relating to the government’s settlement with the nation’s 5 biggest lenders have now been filed in the courts and are available for viewing online.
Find out if you are eligible for financial relief through this settlement by clicking on the website the US government has set up specifically for information on the settlement: nationalforeclosuresettlement.com
If you have questions about the settlement and whether you might be eligible, please contact Oppenheim Law.