you may be eligible for a payment under the National Mortgage Settlement

If you lost your home to a foreclosure between January 1, 2008, and December 31, 2011 and your loan was serviced by Ally/GMAC, Bank of America, Citi, JP Morgan Chase, or Wells Fargo, you may be eligible for a payment under this settlement. Details about the eligibility requirements and the benefits are available at the national mortgage settlement website.

On September 17, 2012, the Tennessee Attorney General's Office and the National Mortgage Settlement Administrator will be sending a postcard to the last known address of eligible Tennessee consumers. This postcard, which can be viewed here, gives you notice that a claim form will be sent to you in the next month. The deadline to return the claim form is January 18, 2013.

If you did not receive a postcard or claim form but believe you should be eligible, please contact the National Mortgage Settlement Administrator at by telephone at 866-430-8358 (hearing impaired call 866-494-8281), Monday through Friday 7:00 a.m. – 7:00 p.m. Central Time or by email at Administrator@nationalmortgagesettlement.com. You can also find out more information about this foreclosure payment program by visiting the national mortgage settlement website. This claim form process is free, and you should not pay anyone to help you submit your claim form. If you have any questions about the claim form, please contact the National Mortgage Settlement Administrator. (link)

National Mortgage Settlement

Tennessee, along with 48 other Attorneys General and several federal agencies, reached an agreement with the nation's five largest servicers: Bank of America, Chase, Citi, GMAC/Ally Financial, and Wells Fargo. This national mortgage settlement provides relief to eligible homeowners such as loan modifications, refinance, forbearance, and short sales.

The settlement also sets out new servicing standards for the servicers to implement to improve communications with these servicers. For instance, the servicers must provide homeowners seeking loan modification assistance with a single point of contact regarding their situations. For more information about the settlement, please visit the national mortgage settlement website.