Bondi: foreclosure victims should apply for cash settlements - WFLA News Channel 8

Bondi: foreclosure victims should apply for cash settlements

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Tampa Mayor Bob Buckhorn, Attorney General Pam Bondi and St Petersburg Mayor Bill Foster Tampa Mayor Bob Buckhorn, Attorney General Pam Bondi and St Petersburg Mayor Bill Foster
TAMPA, FL (WFLA) -

Florida Attorney General Pam Bondi is traveling the state to remind Floridians of millions of dollars she wants them to have.

"Please, please, take advantage of this money," Bondi said.

About 167,000 Florida victims of foreclosure abuse could receive checks.

Those people should have received applications.

But Bondi says many people just ignored these letters, not understanding that this cash is for real.

"Let me give you some examples, just some examples of the servicing abuses: false affidavits that were used during your loan, lost paperwork, long delays, robo-signings. We know all of those were rampant during those years," Bondi said.

The money stems from a $25 billion nationwide foreclosure fraud settlement with five of the country's largest banks.

Florida received about $8 billion. $170 million of that is slated for cash payments to those who lost their homes.

In order to qualify, you must have lost your home between Jan. 2008 and Dec. 2011 and had your mortgage serviced by one of these banks: Bank of America; Citi Bank; Wells Fargo; Ally Financial; and J.P. Morgan Chase.

The original deadline for this money was Jan. 18, but that deadline has been extended to Feb. 15. Bondi says this is absolutely the last deadline.

In addition to this money, Bondi says the state officials are watching the banks to make sure these abuses don't continue.

"Hopefully, the service providers are going to catch on and do the right thing because they are going to be held accountable, by not only Florida, but all the other states in the country," Bondi said.

You can find information on how to file a claim by clicking here: National Mortgage Settlement

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