Tampa, FL -- The day after Florida's attorney general announced the Sunshine State is getting an $8.6 million share of a national settlement with a Jacksonville-based lender for so called robo-signing mortgages, Bay area Mayors Bob Buckhorn and Bill Foster are teaming up with Attorney General Pam Bondi to tell you how you can get what's yours.
The state has settled with several mortgage services for $8.4 billion. About $170 million dollars in funds is up for grabs for Florida homeowners who lost their home to foreclosure between 2008 and 2011 if you had a loan with one of these five lenders:
- Bank of America
- Wells Fargo
- JP Morgan Chase
This money from a $25 billion landmark settlement with 49 states has been waiting for you and you may not have even known it!
While the banks and the state have attempted to contact homeowners, Bondi estimates 55% of Floridians who are eligible have filled out the short form to claim their cash. The deadline is quickly approaching to make the claim of up to several thousand dollars.
Even if you haven't gone into foreclosure, but you're underwater on your mortgage, you could be eligible for some money from a seperate $300 million fund for those paying a 5.25% or higher interest and are current on their payments. There is no deadline to claim this money.
Click on one of these links to claim your cash:
National Mortgage Settlement
The Office of the Attorney General of Florida
During the press conference at City of Tampa's Courtyard, the mayors and the attorney general said they want to make sure people here in the Bay area claim what's theirs from the national mortgage settlement as so many people have been victims of mortgage abuse. They say the money is on the table.
Mayors Buckhorn and Foster will also lobby the legislature to put money into communities to stabilize the housing market saying the foreclosure crisis has acted like a cancer disrupting values.
The settlement with Lender Processing Services was filed in Hillsborough County Thursday. Robo-signing is where a person signs foreclosure documents without first hand knowledge. Bondi says the money will go in the state's general fund minus costs for investigation and litigation.