AP News

Kentuckians receive notice of mortgage settlement


FRANKFORT, Ky. (AP) — Kentuckians are being urged to watch their mailboxes for postcards alerting them to a financial settlement.

Notices were mailed Monday to more than 5,000 Kentuckians who were foreclosed upon between Jan. 1, 2008, and Dec. 31, 2011, and are now eligible for a share of $10.7 million.

Conway said the payments will be up to $2,000 for people who had loans through Ally/GMAC, Bank of America Corp., Citi Bank, JPMorgan Chase & Co., or Wells Fargo Co.

The funds come from a $25 billion settlement between 49 states and the five banks. The settlement will provide relief nationally to thousands of homeowners who were foreclosed upon after the housing bubble burst.


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus