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Foreclosure Settlement Payments Expected This Week
By: Associated Press
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The state attorney general says Ohioans who lost homes to foreclosure and are eligible claimants under last year's national mortgage settlement will be sent payments during the next week.
Attorney General Mike DeWine says the checks will be worth about $1,480 for each loan serviced and can help Ohioans facing financial hardship. More than 32,000 loan claims were accepted in Ohio.
Borrowers who lost homes to foreclosure sales between 2008 and 2011 were eligible for payments under the settlement if they met certain requirements.
DeWine says eligible Ohioans still can file late claims under the settlement but aren't guaranteed payments.