Foreclosure Victims Have Until Jan. 18 To File Claims Under National Settlement

January 3, 2013

Connecticut Attorney General George Jepsen today reminded qualified borrowers who lost their homes to foreclosure that Jan. 18 is the deadline for filing claims for a one-time payment under the $25 billion national mortgage foreclosure settlement.

The settlement agreement with the nation’s five largest mortgage loan servicers: Ally/GMAC, Bank of America, Citi, JP Morgan Chase and Wells Fargo, included approximately $1.5 billion for payments to mortgage borrowers of those companies who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011.320px-Sign_of_the_Times-Foreclosure

“Claim forms and instructions have been mailed to eligible borrowers, but to qualify for the payment, the claim form must be returned on or before the Jan. 18 deadline,” said Attorney General Jepsen. A second packet, including a letter from the Attorney General, went out at the end of December to borrowers who have yet to file their claim. A final reminder will be sent just prior to the deadline.

The payments will be at least $840, and will very likely be substantially higher, depending upon the number of qualified borrowers nationwide who decide to participate. Nationally, approximately 1.75 million mortgage loans are eligible, including 7,600 in Connecticut.

Eligible borrowers do not need to prove financial harm, or pay anyone to file their claim, Jepsen said. Nor do they give up their rights to pursue a lawsuit against their mortgage servicer.

Jepsen encouraged borrowers who have questions about their eligibility or who need help filing their claims to call the national settlement administrator at the toll-free number: 1-866-430-8358, (hearing impaired: 1-866-494-8281), or submit their questions by e-mail to The information line is open Monday through Friday from 8 a.m. to 8 p.m. Eastern time.

Jepsen helped to negotiate the national settlement agreement announced last February between the five mortgage servicing companies, 49 states and the federal government. It took effect in April. He is also a member of the executive committee monitoring the banks’ compliance with the settlement terms.

Assistant Attorneys General Joseph Chambers and Matthew Budzik, Finance department head, are assisting the Attorney General in this effort.

More information about eligibility and filing a claim is available at:

More information about the national settlement is available on the Attorney General’s website

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3 Responses to Foreclosure Victims Have Until Jan. 18 To File Claims Under National Settlement

  1. Just sayin on January 3, 2013 at 4:54 pm

    So what about people who made smart decisions and bought houses they could afford? Where is MY $840 check? I don’t live in luxury. I bought the best house I could afford that I could pay the mortgage for. Why do we keep rewarding the people who make bad decisions? That’s why our country is tanking. Throw money at the poor!! Free stuff for the dumb, paid for by the hard working middle class!

    • tonia on January 3, 2013 at 10:42 pm

      A victim or not? which does families like mine go under and others stories of ppl losing their homes due to the fact the servicemenbers civil releif act was broke ?……my story….. we had to file bankruptcy due to health and much pay loss …we filed with keeping our home and reason for filing was i was sick with cancer and i lost 2000 a month just in one job i worked noticed i said 1 job for i worked the other case i had through my fight, trying to keep our home and trying to get better and at the same time my husband got a large pay cut from the state working in corrections in a max prison for 22 yrs not making more then 35000 a yr before even the pay cut ….after our filing and court date, keep in mind i was always on time even during times prior when i lost both my breast just 7 yrs ago to cancer and just prior to that by 4 yrs our son at 3 was hurt while not in our home which i will not go into for its not something one would want to remember …but point is we were never late. Our court date was in sept and i still was current and have all my papers to prove it and when payment was due oct 1 which we had a 10 day grace period for making it we came home on oct 6 to find our home was padlocked by the bank and our things were inside (clothes beds dishes food.. lets just say showing someone lived there)…we had no way to get in….we ended up at my aunt s home since we couldnt get in spoke with bank asked y we were locked out and all they said was u going to pay i said well i will and always have until i came home u locked us out so y would i pay the payment now when u locked us out, they just said we had to pay or they foreclose they didnt offer to let us in our home and with in less then a wk the neighbors seen 2 ppl going in and cleaning out the home….. …..which i did not then pay oct nov or dec and was served after that 3 months of no pay which i would have paid but they locked us out and yes i went to our lawyer and he explained to me the bank. laws that no banks have to accept a confirmation of a loan which i did web searches and seen this was happening to alot of ppl….so there was nothing i could do … so they took my home we owned 20 yrs and was never late now payments, even through our very hard times…….we have bought another home since then thanks to another bank looking at my proof that we were on time and what happened to us was wrong ….the bank gave us a home loan but it doesnt fix the fact we lost everything and our home we raised our kids in for 17 yrs and all the hard work we put in the home remodeling to make it ours and we do work and have never had any gov. help ….so in my opinion just as others r allowed to have….there r some that were done big time wrong. I might fall but i will always get up.
      Hoping for the best.

  2. dorothy redmond on August 19, 2014 at 12:35 pm

    at least some of you got some money I got nothing and every time call they say you got the wrong number so what is the right number I paid money I didn’t have trying to keep my home and send my children to school at the same time and don’t for get the rest that goes with it. I need some of my hard earn money back like today can some body give me some answer?

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