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National mortgage settlement checks in the mail

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Indiana Attorney General Greg Zoeller says checks totaling more than $26 million will be mailed to more than 18,000 Indiana consumers this month containing shares of the National Mortgage Settlement.

Zoeller said Tuesday the checks for $1,480 will be mailed by June 17 to Indiana residents who submitted valid claims. Those eligible lost their homes to foreclosure between 2008 and 2011 while their mortgage was being serviced by Bank of America, Citi, JPMorgan Chase, Wells Fargo or Ally, formerly known as GMAC.

Zoeller says about 56 percent of eligible borrowers in Indiana submitted a claim, slightly above the national rate.

Indiana's share of the national settlement was about $145 million. About $100 million went to direct assistance to borrowers who lost their homes in foreclosure or sought to refinance.

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  1. Thank you to the scientists who care enough to find a cure. We are so lucky that their intelligence has brought them to these understandings because it is through these understandings that we have new hope. Certainly the medicine will be expensive, these drugs usually are, especially the ones that are not mass produced. If I know anything from the walks that my town has put on for FA it is this: people care and people want to help. Donations and financial support can and will come to those who need it. All we need is a cure, the money will come. I mean, look at what these scientists have done thanks to the generosity of donors. 30 million dollars brings us here where we can talk about a drug's existence! There is so much to be frustrated about in this world, but this scientific break is not one of them. I am so happy for this new found hope. Thank you so much to the scientists who have been slaving away to help my friends with FA. We wish you speedy success in the time to come!

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