Friday Is Last Day To Apply For National Foreclosure Settlement Funds

Wednesday, January 16, 2013

Attorney General Bob Cooper today reminded eligible Tennesseans that the deadline to file a claim form to receive a payment under the national mortgage settlement is this Friday, Jan. 18, 2013.

 

Approximately 37,000 Tennessee borrowers who lost their home to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 may be eligible to receive a payment under the settlement, but only if they file a claim.

Eligible borrowers had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo, the nation’s five largest mortgage servicers which agreed to the settlement with the federal government and 49 state attorneys general last year.

 

“The deadline to submit a claim form is just days away,” Attorney General Cooper said. “We know there are still thousands of eligible Tennesseans who haven’t stepped forward. I urge anyone whose mortgage was serviced by one of these five banks and who lost their home to foreclosure to contact the settlement administrator immediately.”

 

Attorney General Cooper urged eligible Tennesseans to complete their claim forms and return them as soon as possible in the envelope provided, or file them online at www.nationalmortgagesettlement.com by the Jan. 18 deadline. The national settlement administrator sent the initial claim form packets to eligible Tennesseans in September and October 2012. On Dec. 26, 2012, the settlement administrator mailed reminder claim form packets to all eligible borrowers who had not yet submitted a claim form. 

 

Foreclosed Tennessee borrowers who have questions or need help filing their claim should contact the settlement administrator at (866) 430-8358, or send questions by email to administrator@nationalmortgagesettlement.com. The information line is staffed Monday through Friday from 7 a.m. to 7 p.m. Central Time. Spanish-speaking representatives are available. “Eligible Tennesseans are not giving up any legal rights to pursue other legal remedies if they decide to participate in this claims process,” Attorney General Cooper added.  “This payment is intended as partial compensation for the mortgage servicers’ illegal conduct and servicing abuse.” Payment checks are expected to be mailed in mid-2013. The exact payment each borrower receives will depend upon the total number of borrowers who participate by filing a claim.

 

Attorney General Cooper also warned borrowers to be on the lookout for potential scams connected to the national mortgage settlement. Consumers should ignore any solicitations for upfront payments, and should not to provide personal information to anyone who calls or emails claiming that they are providing settlement-related assistance.

 

Tennessee borrowers who are still in their homes but struggling to make their monthly mortgage payments can call the State of Tennessee’s free Mortgage Assistance Hotline at (855) 876-7283 to be directed to free foreclosure prevention counseling and other assistance programs. For more information, go to www.tn.gov/attorneygeneral or www.nationalmortgagesettlement.com.


Habitat For Humanity Of Catoosa County Seeks Future ReStore Site

Catoosa Habitat is seeking a location to open up a ReStore in Catoosa County. “A Habitat ReStore provides funding to enhance area charitable efforts.” said Penny Mahon, Catoosa Habitat’s executive director. “This is something that we have needed for a long time.” she said.  “We always receive calls from people wanting to make material donations and shoppers wanting ... (click for more)

Real Estate Transfers For July 13-19

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Bill Kilbride To Retire As Chamber CEO; To Step Down Dec. 31; Chamber Starts Transition Process

Bill Kilbride, president and CEO of the Chattanooga Chamber, has announced that he is retiring from his position effective  Dec. 31 .   Larry Buie, chairman of the Chamber board of directors, expressed his appreciation for Bill's efforts. He said, “Bill Kilbride has led us through the past three years to a place of excellence in terms of strategic leadership. Among ... (click for more)

Corker Votes For Amendment To Repeal Core Elements Of Obamacare; Alexander Votes Against It

Senator Bob Corker voted for an amendment to repeal the core elements of Obamacare, while allowing for a reasonable transition period for a replacement to be developed and implemented. “As I have said before, I believe the best path forward is for Congress to repeal Obamacare after a reasonable transition period,” said Senator Corker. “This amendment would take us back ... (click for more)

Prayers For Denny - And Response

I don’t live in Chattanooga any longer unfortunately and haven’t for many years now, but when I did live there, I was more than a regular at Yesterdays.  It was basically my second home….as it was for many, many of my friends and others that I may not have known their names, but definitely knew their faces.   It was the “Cheers” of Chattanooga. It was the place that ... (click for more)

Roy Exum: ‘No Sir -- It Stays Here’

To any of the millions who have served the United States on the field of combat, the most hallowed and prized distinction is our nation’s Medal of Honor. It is never given, it is always earned before it is ever awarded.  At least that’s the way it was up until a sun-splashed Wednesday three weeks ago in Vicenza, Italy. There is an Army base there that houses the 173 rd Airborne ... (click for more)