For Immediate Release
Media Contact: Bob Cooper
Date: January 4, 2013
January 18 is Last Day to Apply for Foreclosure Payment
(Boise) – January 18 is the deadline for Idahoans who lost their homes to foreclosure to apply for a payment under the National Mortgage Settlement, Attorney General Lawrence Wasden said today. Payments to eligible borrowers are a part of the $25 billion nationwide settlement with five national banks.
To receive a payment, eligible borrowers must return their claim form to the settlement administrator. Borrowers who meet the following requirements may be eligible for a payment.
The settlement administrator began notifying Idaho's eligible borrowers in September and has continued to send reminder postcards and e-mails to individuals who have not responded. Idaho borrowers who believe they are eligible, but who have not received a claim packet, must call the settlement administrator at 866-430-8358.
To receive a payment, borrowers must return their claim form to the settlement administrator before January 18, 2013. To apply online, borrowers first need to obtain a claim packet from the settlement administrator.
The minimum amount borrowers will receive from the foreclosure fund is $840. The actual amount will be determined based on the number of borrowers who return their claim forms.
Attorney General Wasden warns all homeowners to be aware of settlement-related scams. Do not provide personal information or pay money to anyone who calls or e-mails you, claiming they can provide settlement-related assistance. Consumers should report suspicious settlement-related activities to the Attorney General's Consumer Protection Division at 208-334-2424 or toll-free in Idaho at 800-432-3545. Complaint forms are available by clicking here.
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NOTE TO READERS - This settlement information has expired and is no longer available.