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By Stephen Schahrer
Attorney

If you are one of the thousands of borrowers who lost your home to foreclosure from January 1, 2008 to December 31, 2011, please be sure that you carefully review your mail.

The State of Florida is mailing claim forms to borrowers who had a mortgage with Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. Borrowers will have until January 18, 2013 to submit a claim and be eligible for compensation pursuant to the $25 billion national mortgage settlement with the five major banks, of which Florida will receive approximately $8.4 billion.

It is estimated that about $170 million will be available for cash payments to Florida borrowers who lost their homes. Payment checks are expected to be mailed in mid-2013.

You may fill out the claim form online nationalmortgagesettlement.com or contact the settlement administrator, toll-free, at 1-866-430-8358, or send questions by email to administrator@nationalmortgagesettlement.com.

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THIS BLOG IS INTENDED FOR GENERAL INFORMATION PURPOSES ONLY. IT DOES NOT CONSTITUTE LEGAL ADVICE. THE READER SHOULD CONSULT WITH KNOWLEDGEABLE LEGAL COUNSEL TO DETERMINE HOW APPLICABLE LAWS APPLY TO SPECIFIC FACTS AND SITUATIONS. BLOG POSTS ARE BASED ON THE MOST CURRENT INFORMATION AT THE TIME THEY ARE WRITTEN. SINCE IT IS POSSIBLE THAT THE LAWS OR OTHER CIRCUMSTANCES MAY HAVE CHANGED SINCE PUBLICATION, PLEASE CALL US TO DISCUSS ANY ACTION YOU MAY BE CONSIDERING AS A RESULT OF READING THIS BLOG.

#BoatmanLaw #NaplesAttorney #ChristianAttorney #ChristianLawyer #FloridaForeclosures

About the Author
Mr. Schahrer has a diverse professional background including experience working for the Florida State Legislature, the United States Marshals Service headquarters in Washington D.C., and the local non-profit, St. Matthew’s House. He joined Boatman Ricci as a Law Clerk in 2016 and worked with the Firm throughout his time in Law School and then joined the Firm as an Associate Attorney. In his spare time, Mr. Schahrer enjoys training and teaching Martial Arts and spending time with his family in beautiful Naples, FL.