Michael Kelly is the Director of Communications for A.G. Herring. He joined Les Sinclair to talk about the settlement with Ocwen. Litton Loan Servicing LP, and Homeward Residential Holdings LLC.
Forms mailed to qualified borrowers, must be returned by September 15, 2014
In Virginia, bilingual English/Spanish packets containing a letter from Attorney General Herring, a claim form, instructions and answers to frequently asked questions are being mailed to eligible borrowers through June 30.
Eligible Virginia borrowers should complete their claim forms and return them as soon as possible in the envelope provided, or file online at www.NationalMortgageSettlementOcwenClaim.com.
The deadline for all claims is September 15, 2014. Payment checks are expected to be mailed in late 2014 or the first quarter of 2015.
Free claim form assistance available
The one-page claim forms are simple to complete. However, borrowers who have questions or need help filing their claim can contact the settlement administrator, toll-free, at 1-866-783-5382, or send questions by email to email@example.com.
The information line is staffed Monday through Friday from (7 a.m. to 7 p.m. Central Time).
Payment won’t stop other legal claims
Eligible borrowers do not need to prove financial harm to receive a payment, nor do they give up their rights to pursue a lawsuit against their mortgage servicer.
Eligible borrowers may get a payment from this settlement even if they participate in another foreclosure claims process. However, any payment received may reduce payments that borrowers may be eligible to receive in any other foreclosure claim process or legal proceeding.
Eligible borrowers not notified should contact settlement administrator
Borrowers who believe they may qualify for a payment, but who do not receive a notice because they have moved, should contact the settlement administrator directly to provide that information:
Call toll-free: 1-866-783-8352. (M-F; 7 a.m.-7 p.m CT)
Beware of scams
Borrowers should not need to pay anyone to file their claim. Herring warns all homeowners to be aware of settlement-related scams. Do not provide personal information or pay money to anyone who calls or emails you claiming that they are providing settlement-related assistance. If you believe someone is conducting a settlement-related scam, call the Consumer Protection Hotline at (800) 552-9963 if calling from Virginia, or (804) 786-2042 if calling from the Richmond area or from outside Virginia.
For more information about eligibility and filing a claim:
Call toll-free: 1-866-783-5382. 1-866-783-8352. (M-F; 7 a.m.-7 p.m CT)