January 5, 2013

Deadline nears for mortgage settlement claims

The Associated Press

AUGUSTA — The deadline is approaching for Mainers who lost their homes to foreclosure from 2008 through 2011 to file claim forms for benefits from a national mortgage settlement.

 Maine was one of 49 states involved in a joint state-federal settlement with the nation's five largest mortgage lenders to settle allegations of widespread "robo-signing" of foreclosure documents and other fraudulent practices.

Attorney General William Schneider says $1.9 million has been set aside in Maine for payouts to borrowers. As of Dec. 20, the state had mailed 2,538 notices to eligible borrowers in Maine, but only 1,056 claims had been filed.

The deadline for filing claims is Jan. 18.

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