HAVE YOU LOST YOUR HOME TO FORECLOSURE?

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.

About the Author

Stephen C. Schahrer, a Naples, Florida native, earned his Juris Doctor from Liberty University School of Law after obtaining a Bachelor of Arts in Political Science and a Master of Public Administration from Florida Gulf Coast University. As an AV-Preeminent Rated attorney with a Board Certification in Business Litigation, he practices commercial and business litigation at Boatman Ricci, representing clients in business, construction, real estate, contract, and trust litigation. With prior experience at the Florida State Legislature, the U.S. Marshals Service, and local nonprofits like St. Matthew’s House and Better Together, Stephen leverages his diverse background to provide practical legal solutions, guided by his strong Christian faith and commitment to client relationships. Outside of work, he enjoys spending time with his wife, Rhya, and their three children, practicing martial arts.