Tennesseans receiving claims forms in settlement
NASHVILLE, Tenn. (AP) — The state attorney general's office is mailing claims forms to about 37,000 Tennesseans who may be eligible to receive a portion of a national mortgage foreclosure settlement.
Eligible borrowers include those who lost their homes to foreclosure between Jan. 1, 2008, and Dec. 31, 2011, to one of the nation's five largest mortgage servicers. They are Ally/GMAC, Bank of America Corp., Citi, JPMorgan Chase & Co., and Wells Fargo & Co.
The settlement includes about $1.5 billion for qualified borrowers who lost their homes to foreclosure. The exact payment will depend upon the number of borrowers who participate.
In Tennessee, packets are being mailed to eligible borrowers beginning this week and continuing through Oct. 12.