72,000 Floridians to get $1,480 check this month

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TALLAHASSEE, Fla. – June 5, 2013 – Florida Attorney General Pam Bondi said yesterday that more than 72,000 Floridians who filed valid foreclosure payment claims will receive a check this month for about $1,480.

The money is part of the $25 billion, multi-state and federal mortgage settlement reached in 2012. The checks go to borrowers who lost homes to foreclosure and had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo.

The payment total is uniform nationally. Every borrower who filed a claim will receive a letter regarding the outcome, according to Bondi’s office.

Source: News Service of Florida