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Victims of Mortgage Servicing Abuse Get a Little Good News

Foreclosure sign
Foreclosure sign

UNDATED (WHTC) - A little bit of good news for Michigan residents who suffered mortgage servicing abuses from the national foreclosure crisis.  Attorney General Bill Schuette says roughly 72-thousand residents will split about 107-million dollars from the National Mortgage Settlement.  The total restitution for all states in the country comes to about 1.5 billion dollars.  That comes to right around 15-hundred dollars for each valid claim in the country.  Homeowners should also be wary of scams.  Unscrupulous companies are contacting homeowners with offers of assistance for a fee to receive the settlement payment.   You should not pay a fee to receive a payment under the agreement.

Story by: Diane E Coston