46,600 Virginians to Receive Foreclosure Fraud Settlement Checks

Tuesday, September 25th, 2012

By Kelly Avellino, NBC 12

If you lost your home through foreclosure, start checking your mailbox. Some 46,600 Virginians are eligible to receive a piece of a $25 billion settlement against five major mortgage companies, accused of abusing foreclosure practices.

The Virginia Attorney General’s Office started mailing out claim forms Monday. Eligible candidates will receive at least $840. Officials say they don’t expect everyone to cash in, so that total will likely rise per recipient.

Several hundred dollars may not seem like much for someone who may have wrongfully lost their home. However, the Attorney General’s Office said the payment is only intended to be a partial compensation for the illegal conduct of the mortgage servicers.

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Published: September 24, 2012

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