Del. Residents Eligible for Mortgage Settlements - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Del. Residents Eligible for Mortgage Settlements

(Photo: MGN) (Photo: MGN)

WILMINGTON, Del. (AP/WBOC)- The state Attorney General's Office says more than 2,300 Delaware residents may be eligible for up to $2,000 as part of a national mortgage foreclosure settlement.

Officials say forms were mailed Wednesday to those who may be eligible for the payments.

Borrowers who lost homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 could receive the payments if their mortgage was serviced by Ally/GMAC; Bank of America; Citi; JPMorgan Chase; or Wells Fargo.

The deadline for claims is Jan. 18, 2013. Payments are expected to be made in mid-2013.

Notification postcards were sent to eligible borrowers last week by the administrator of the national settlement. Between now and October 12, those borrowers will receive packets containing instructions and a one-page form to claim the payment, as well answers to frequently asked questions. Borrowers with questions may email the settlement administrator at administrator@nationalmortgagesettlement.com, or call 1-866-430-8358, Monday through Friday from 8 a.m. to 8 p.m.

"These payments will provide real relief for many Delawareans who lost their homes to foreclosure," said Delaware Attorney General Beau Biden. "I also want to remind all borrowers, regardless of whether they are eligible for payments under the national settlement, that there is help available. Homeowners should keep an eye out for mortgage-related mailings that can inform them about their options and reach out to my office by calling 1-800-220-5424."

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