Is this a Scam? The answer is No – This Letter Offering Money is Real
You received a letter and claims forms from the National Mortgage Settlement Administrator for financial aid, you think is this a scam? The answer is no – this letter offering money is real. If you throw it away, you could be throwing away some serious cash.
To find out the details here, and submit your claim form.
Distressed borrowers in 49 states may be eligible for a slice of the estimated $25 billion. It is the largest consumer financial protection settlement in USA. The country’s five largest major lenders who participated in this historic joint state – federal settlement, are as follows:
· Ally/GMAC: 800-766-4622
· Bank of America: 877-488-7814
· Citi: 866-272-4749
· JPMorgan Chase: 866-372-6901
· Wells Fargo: 800-288-3212
These banks agreed to pay a penalty for the mistakes they made with accusations, abusiveness and carelessness when foreclosing on homes.
The following are requirements to qualify:
· Loan went to foreclosure sale between January 1, 2008 and December 31, 2011.
· The loan was serviced by one of the five mortgage servicers participating in the settlement.
· The borrower made at least three payments on the loan.
· The borrower lived in or intended to live in the property at the time of origination of the loan.
· The property was a one-to-four unit residential property.
· The unpaid principal balance of the first-lien mortgage loan did not exceed $729,750 for a one-unit property; $934,200 for a two-unit property; $1,129,250 for a three-unit property; or $1,403,400 for a four-unit property.
The appointed attorney Joseph A Smith Jr. is the Monitor who will oversee the agreement.
The letter from your state attorney general contains instructions and general information about the process.
For more information visit NationalMortgageSettlement.com or call 866-430-8358 for any questions.
This is real, however, you still have to be aware that there have been scam attempts related to the settlement. Do not pay anyone to file a claim for you, and do not provide your personal or financial information to anyone who calls or emails you offer assistance in filing a claim. If you have questions just call the National Mortgage Settlement at 866-430-8358.
Is this a Scam? The answer is No - This Letter Offering Money is Real
The information is provided as a courtesy by Kwee Huset Realty