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37,000 Tennesseans Eligible for Reduced Mortgage Payment Under Foreclosure Settlement

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Notices are going out in the mail to an estimated 37,000 Tennessee borrowers who may be eligible for payment under a $25 billion national mortgage foreclosure settlement. Eligible borrowers will be receiving claim forms in the mail this month and Attorney General Bob Cooper of Tennessee urged residents to complete the forms and return them by the Jan. 18, 2013 deadline.

Those eligible include people who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 to 5 of the nation’s largest mortgage services, which is Ally/GMC, Bank of America, Citi, JP Morgan Chase and Wells Fargo. The packages will be mailed through Oct. 12.
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