Thursday, February 9, 2012

New Help for Homeowners

Tennessee is participating in a joint state-federal mortgage servicing agreement with the nation’s five largest mortgage servicers: Bank of America, Chase, Citi, GMAC/Ally Financial, and Wells Fargo.

A servicer is the company to which the borrower makes his monthly mortgage payment. Borrowers should contact their servicer directly to see if they are eligible for relief under the settlement.
  • Bank of America: 877-488-7814 
  • J.P. Morgan Chase: 866-372-6901 
  • Citi: 866-272-4749 
  • GMAC/Ally Financial: 800-766-4622 
  • Wells Fargo: 800-288-3212 

Tennessee borrowers who are having problems with their mortgages regardless of their servicer are encouraged to contact a free foreclosure prevention counselor for assistance. For a list of counselors or more information about housing assistance programs, please go to www.KeepMyTNHome.org or you may call me directly, Rod Williams 615-850-3453

More information about this new mortgage servicing agreement will be posted as it becomes available.

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