Time running out to file for Florida foreclosure compensation

Staff Tampa Bay Business Journal

Not much time remains in Florida for those seeking damages from mortgage companies over foreclosures.

Borrowers whose mortgages were serviced by Bank of America, Ally/GMAC, Citi, JPMorgan Chase or Wells Fargo have until Jan. 18 to file a claim, the Orlando Sentinel said. To qualify, borrowers must have been foreclosed on between Jan. 1, 2008, and Dec. 31, 2011, the Sentinel said.

Statewide, about $170 million has been set aside for cash payments and Attorney General Pam Bondi mailed letters to those who could qualify for settlement funds. However, Bondi said only about one-third of those people have filed claims, the Sentinel said.

Checks are scheduled to be mailed in mid-2013.

Source: http://feedproxy.google.com/~r/bizj_tampabay/~3/7Q-QEahr88U/time-running-out-to-file-for-florida.html

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