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.


Real Estate Transfers For Jan. 28-Feb. 3

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)

Planning Agency Staff Recommends Denial Of Request For Doctors Office, Pharmacy On Shallowford Road

The Regional Planning Agency staff is recommending denial on a rezoning request for a doctors office and pharmacy at 7683 Shallowford Road. Wanda Threat is making the request. The staff said it is not in accord with the Land Use Plan. The approximately 1.2-acre site would only have access from Shallowford. The plan is to use an existing building for phase 1 and eventually ... (click for more)

Hamilton County Schools Closed Tuesday Due To Icy Road Conditions, Other Closings Announced

Due to icy road conditions in the mountain areas, Hamilton County School will be closed Tuesday. School age child care will be also be closed. Twelve month employees will report by 10 a.m. Chattanooga Christian School began closing early at 10 a.m. Marion, Grundy and Polk schools are closed Tuesday due to the inclement weather. There will be no Bradley-Polk County ... (click for more)

Couple Arrested After 373 Grams Of Ice Meth And Loaded Gun Found At Their Hickory Valley Road Apartment

Federal authorities have arrested a Chattanooga couple after finding them with 373.4 grams of Ice meth at an apartment in East Brainerd. Charged with conspiracy to distribute a controlled substance are Sergio Lizaola and Amy Lee Ramos-Collazo. Lizaola is also charged on a firearm count. Agents said two small children were present along with the couple during a search of ... (click for more)

Rick Smith Should Not Be Paid To Leave

Taxpayers of Hamilton County should take note that a majority of the members of the school board are getting ready to give Rick Smith the buyout that he wants.  Do you agree that someone should be paid for taking the coward's way out?  Rick Smith should be fired for cause. Not paid to leave.   If you don't want the board members to pay him off, call or ... (click for more)

Roy Exum: The Momma Bears Roar

If I could count Hamilton County’s best educators on one hand, Normal Park Elementary Principal Jill Levine would be the biggest finger. What she and her faculty and a dazzling commitment from both her students and parents have accomplished is an educational dream. I am told people literally move to North Chattanooga just so their children will be zoned for the award-winning school. ... (click for more)