12,000 Idahoans eligible for mortgage settlement payment
BOISE, Idaho (AP) — More than 12,000 Idaho residents who lost homes to foreclosure will soon receive claim forms for payments under a national settlement.
Idaho Attorney General Lawrence Wasden announced Tuesday that 12,207 Idaho borrowers who lost homes to foreclosure between 2008 and 2011 are eligible for payments of at least $840.
Idaho was one of 49 states joining the federal government's $25 billion settlement with five major mortgage lenders and servicing institutions for allegations of "robo-signing" and other problems.
Postcards from the settlement administrator went out last week to more than two million borrowers nationwide, informing them that they will get a claim form and other information soon. The amount of money that each eligible borrower receives depends on how many borrowers return claim forms.
Idaho Attorney General Lawrence Wasden announced Tuesday that 12,207 Idaho borrowers who lost homes to foreclosure between 2008 and 2011 are eligible for payments of at least $840.
Idaho was one of 49 states joining the federal government's $25 billion settlement with five major mortgage lenders and servicing institutions for allegations of "robo-signing" and other problems.
Postcards from the settlement administrator went out last week to more than two million borrowers nationwide, informing them that they will get a claim form and other information soon. The amount of money that each eligible borrower receives depends on how many borrowers return claim forms.
